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

Key Points

• Energy Fuels Inc shares gapped up from $18.00 to $19.00 before the market opened, indicating investor interest, with the stock last trading at $19.59 and a volume of over 9 million shares.
• Analysts have mixed ratings on the stock, with one analyst giving a Strong Buy rating and a price target as high as $16.25, while others have set lower targets, reflecting differing views on the company’s prospects.
• Insider selling has occurred recently, with key executives selling a total of 618,724 shares worth nearly $6.8 million, raising concerns about insider confidence in the company’s future performance.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $18.00, but opened at $19.00. Energy Fuels shares last traded at $19.59, with a volume of 9,017,447 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UUUU. B. Riley began coverage on Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective for the company. Roth Capital downgraded Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price objective for the company. in a report on Friday, July 11th. Finally, HC Wainwright upped their price objective on Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $9.25.

Energy Fuels Price Performance

The stock has a market cap of $4.38 billion, a P/E ratio of -40.20 and a beta of 1.79. The company has a fifty day moving average of $12.52 and a 200 day moving average of $7.89.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $4.21 million during the quarter. Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The company's revenue was up –51.7% on a year-over-year basis. As a group, analysts anticipate that Energy Fuels Inc will post -0.1 EPS for the current year.

Insider Buying and Selling

In other Energy Fuels news, Director Dennis Lyle Higgs sold 20,000 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $11.79, for a total transaction of $235,800.00. Following the sale, the director directly owned 256,381 shares of the company's stock, valued at $3,022,731.99. The trade was a 7.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Saleem Drera sold 266,595 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.01, for a total transaction of $2,935,210.95. Following the sale, the vice president directly owned 24,474 shares in the company, valued at approximately $269,458.74. This trade represents a 91.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 618,724 shares of company stock worth $6,782,959 over the last three months. Corporate insiders own 1.77% of the company's stock.

Hedge Funds Weigh In On Energy Fuels

Several institutional investors and hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in shares of Energy Fuels by 27.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company's stock valued at $36,000 after acquiring an additional 1,344 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Energy Fuels by 3.0% during the 2nd quarter. D.A. Davidson & CO. now owns 50,590 shares of the company's stock valued at $291,000 after acquiring an additional 1,493 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Energy Fuels by 15.8% during the 2nd quarter. Wedbush Securities Inc. now owns 12,850 shares of the company's stock valued at $74,000 after acquiring an additional 1,750 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Energy Fuels by 27.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,649 shares of the company's stock valued at $50,000 after acquiring an additional 1,844 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Energy Fuels by 5.2% during the 2nd quarter. ProShare Advisors LLC now owns 42,712 shares of the company's stock valued at $246,000 after acquiring an additional 2,116 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

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