Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Up - Should You Buy?

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.59, but opened at $6.05. Energy Fuels shares last traded at $6.47, with a volume of 14,570,683 shares traded.

Analyst Ratings Changes

UUUU has been the subject of several recent analyst reports. Roth Capital downgraded Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a report on Friday. HC Wainwright reduced their price objective on Energy Fuels from $10.75 to $10.00 and set a "buy" rating for the company in a research report on Friday, May 9th.

Energy Fuels Stock Performance

The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -15.35 and a beta of 1.68. The company has a fifty day simple moving average of $5.35 and a two-hundred day simple moving average of $5.02.

Insiders Place Their Bets

In other Energy Fuels news, VP Timothy James Carstens sold 210,612 shares of Energy Fuels stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $5.45, for a total transaction of $1,147,835.40. Following the transaction, the vice president directly owned 517,029 shares of the company's stock, valued at approximately $2,817,808.05. The trade was a 28.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 218,597 shares of company stock worth $1,192,142. Insiders own 1.92% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in UUUU. Alps Advisors Inc. boosted its holdings in Energy Fuels by 29.0% in the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock worth $59,433,000 after acquiring an additional 3,584,798 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Energy Fuels by 10.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock worth $46,927,000 after acquiring an additional 1,231,484 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Energy Fuels by 0.4% in the fourth quarter. Ameriprise Financial Inc. now owns 8,023,303 shares of the company's stock worth $41,159,000 after acquiring an additional 31,364 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Energy Fuels by 18.5% in the fourth quarter. Vanguard Group Inc. now owns 7,468,726 shares of the company's stock worth $38,316,000 after acquiring an additional 1,164,973 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in Energy Fuels in the second quarter worth approximately $29,525,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Energy Fuels Company Profile

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.