Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Down 7.6% - Should You Sell?

Key Points

• The share price of Energy Fuels Inc dropped by 7.6%, closing at $15.26 after trading as low as $14.84, with a significant decline in trading volume by 44% compared to its average.
• Analysts have mixed ratings for the stock, with one upgrade from HC Wainwright setting a target price of $16.25, while Roth Capital downgraded it to a "neutral" rating with a target of $6.00.
• Insider trading activity showed sales of 618,724 shares valued at approximately $6.78 million in the last 90 days, with company insiders now owning 1.92% of the stock.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price dropped 7.6% on Tuesday . The stock traded as low as $14.84 and last traded at $15.26. Approximately 6,118,624 shares changed hands during trading, a decline of 44% from the average daily volume of 10,909,968 shares. The stock had previously closed at $16.52.

Analyst Upgrades and Downgrades

UUUU has been the subject of several recent research reports. HC Wainwright raised their price target on Energy Fuels from $12.00 to $16.25 and gave the stock a "buy" rating in a research report on Wednesday, September 17th. B. Riley began coverage on Energy Fuels in a research report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price target for the company. Finally, 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 research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $9.25.

Energy Fuels Price Performance

The stock has a 50-day simple moving average of $11.52 and a 200-day simple moving average of $7.33. The stock has a market cap of $3.51 billion, a PE ratio of -32.24 and a beta of 1.76.

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 analysts' consensus estimates of ($0.04) by ($0.06). Energy Fuels had a negative net margin of 143.05% and a negative return on equity of 17.41%. The firm had revenue of $4.21 million for the quarter. The firm's quarterly revenue was up –51.7% on a year-over-year basis. As a group, equities research analysts anticipate that Energy Fuels Inc will post -0.1 EPS for the current year.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $14.85, for a total value of $148,500.00. Following the transaction, the director owned 195,617 shares in the company, valued at $2,904,912.45. The trade was a 4.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott Bakken sold 4,629 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total transaction of $55,548.00. Following the completion of the transaction, the vice president owned 108,817 shares in the company, valued at $1,305,804. This represents a 4.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 618,724 shares of company stock valued at $6,782,959. Company insiders own 1.92% of the company's stock.

Hedge Funds Weigh In On Energy Fuels

Large investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Energy Fuels during the second quarter valued at approximately $29,525,000. Alps Advisors Inc. raised its stake in Energy Fuels by 29.0% during the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after buying an additional 3,584,798 shares in the last quarter. Bank of America Corp DE raised its stake in Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock valued at $25,105,000 after buying an additional 2,111,466 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Energy Fuels by 530.6% during the second quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company's stock valued at $11,892,000 after buying an additional 1,740,183 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Energy Fuels by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock valued at $46,927,000 after buying an additional 1,231,484 shares in the last quarter. Institutional investors own 48.24% of the company's stock.

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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