Energy Fuels (NYSEAMERICAN:UUUU) Trading Up 4.5% - What's Next?

Key Points

• Energy Fuels Inc shares increased by 4.5% to $9.94 during Thursday trading, but overall trading volume decreased significantly, falling 84% below the average.
• Analysts have varied views on the stock, with HC Wainwright maintaining a "buy" rating and raising the price target from $10.00 to $12.00, while Roth Capital downgraded it to "neutral" with a target of $6.00.
• Insider selling activity was notable, with EVP Timothy James Carstens selling 250,000 shares for $2.61 million, resulting in a 48.35% decrease in his position in the company.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares shot up 4.5% during trading on Thursday . The company traded as high as $9.95 and last traded at $9.94. 1,539,809 shares were traded during mid-day trading, a decline of 84% from the average session volume of 9,836,561 shares. The stock had previously closed at $9.51.

Wall Street Analyst Weigh In

UUUU has been the subject of a number of recent analyst reports. Roth Capital downgraded 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. B. Riley assumed coverage on Energy Fuels in a research note on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price objective for the company. Finally, HC Wainwright reissued a "buy" rating and set a $12.00 price target (up previously from $10.00) on shares of Energy Fuels in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $8.19.

Energy Fuels Price Performance

The company's 50-day simple moving average is $7.71 and its 200-day simple moving average is $5.72.

Insider Activity at Energy Fuels

In other Energy Fuels news, EVP Timothy James Carstens sold 250,000 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $10.44, for a total value of $2,610,000.00. Following the completion of the sale, the executive vice president directly owned 267,029 shares in the company, valued at approximately $2,787,782.76. This trade represents a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis Lyle Higgs sold 15,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $9.79, for a total value of $146,850.00. Following the completion of the transaction, the director owned 276,382 shares in the company, valued at approximately $2,705,779.78. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 498,597 shares of company stock valued at $4,094,492. Company insiders own 1.92% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. raised its stake in shares of Energy Fuels by 29.0% during the 1st quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after purchasing an additional 3,584,798 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 purchasing an additional 1,231,484 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Energy Fuels by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,203,210 shares of the company's stock worth $52,918,000 after purchasing an additional 410,894 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Energy Fuels during the 2nd quarter valued at $29,525,000. Finally, Bank of America Corp DE increased its position in shares of Energy Fuels by 93.6% in 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 acquiring an additional 2,111,466 shares during the period. Institutional investors own 48.24% of the company's stock.

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.