Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up - Here's Why

Key Points

• Energy Fuels Inc (NYSEAMERICAN:UUUU) experienced a significant stock price increase, opening at $12.40 after closing at $11.90, and last trading at $12.62 with a high trading volume of 6,667,318 shares.
• Recent analyst reports show mixed sentiments: Roth Capital downgraded the stock from "buy" to "neutral" with a target of $6.00, while HC Wainwright raised its target from $10.00 to $12.00, maintaining a "buy" rating.
• The company reported a quarterly earnings miss with an EPS of ($0.10) against estimates of ($0.04), alongside a 51.7% year-over-year revenue increase to $4.21 million, despite a negative net margin of 143.05%.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $11.90, but opened at $12.40. Energy Fuels shares last traded at $12.62, with a volume of 6,667,318 shares trading hands.

Analysts Set New Price Targets

UUUU has been the subject of several analyst reports. Roth Capital lowered shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a research report on Friday, July 11th. HC Wainwright reiterated a "buy" rating and set a $12.00 target price (up from $10.00) on shares of Energy Fuels in a report on Friday, August 8th. Finally, B. Riley initiated coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Energy Fuels currently has an average rating of "Buy" and a consensus target price of $8.19.

Energy Fuels Stock Performance

The stock has a market capitalization of $2.88 billion, a P/E ratio of -26.41 and a beta of 1.76. The company's 50-day moving average price is $9.24 and its 200 day moving average price is $6.27.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $4.21 million for the quarter. Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The business's quarterly revenue was up –51.7% compared to the same quarter last year. Analysts predict that Energy Fuels Inc will post -0.1 earnings per share for the current year.

Insider Activity at Energy Fuels

In other Energy Fuels news, VP Scott Bakken sold 4,629 shares of Energy Fuels stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $12.00, for a total value of $55,548.00. Following the sale, the vice president directly owned 108,817 shares in the company, valued at approximately $1,305,804. The trade was a 4.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Timothy James Carstens sold 250,000 shares of Energy Fuels stock in a transaction on Friday, August 8th. The shares were sold at an average price of $10.44, for a total transaction of $2,610,000.00. Following the completion of the sale, the executive vice president owned 267,029 shares in the company, valued at approximately $2,787,782.76. This represents a 48.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 573,724 shares of company stock valued at $6,159,409. 1.92% of the stock is currently owned by insiders.

Institutional Trading of Energy Fuels

A number of large investors have recently made changes to their positions in UUUU. Byrne Asset Management LLC increased its holdings in shares of Energy Fuels by 114.6% in the 1st quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock worth $29,000 after buying an additional 4,127 shares during the last quarter. Lionstone Capital Management LLC bought a new stake in shares of Energy Fuels in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. increased its holdings in shares of Energy Fuels by 27.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock worth $36,000 after buying an additional 1,344 shares during the last quarter. Adams Wealth Management bought a new stake in shares of Energy Fuels in the 1st quarter worth about $37,000. Finally, CacheTech Inc. bought a new stake in shares of Energy Fuels in the 1st quarter worth about $37,000. 48.24% of the stock is currently owned by institutional investors.

About Energy Fuels

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.

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