Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Up 8.7% - What's Next?

Key Points

• Energy Fuels Inc's stock price increased by 8.7% to $21.41 after trading as high as $22.33, with the trading volume rising by 89% compared to the average daily volume.
• Recent analyst reports show a mixed outlook, with one analyst issuing a Strong Buy rating and a consensus price target of $9.25, while another downgraded the stock to Neutral with a target of $6.00.
• The company reported negative earnings of ($0.10) per share for the latest quarter, missing expectations, and noted a sharp 51.7% year-over-year decline in revenue.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report)'s share price rose 8.7% during mid-day trading on Friday . The stock traded as high as $22.33 and last traded at $21.41. Approximately 22,124,345 shares traded hands during mid-day trading, an increase of 89% from the average daily volume of 11,705,863 shares. The stock had previously closed at $19.70.

Wall Street Analyst Weigh In

UUUU has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 target price for the company. HC Wainwright boosted their price objective on shares of Energy Fuels from $12.00 to $16.25 and gave the company a "buy" rating in a report on Wednesday, September 17th. Finally, Roth Capital cut shares of 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Energy Fuels currently has an average rating of "Buy" and a consensus price target of $9.25.

Energy Fuels Stock Up 7.3%

The firm's fifty day moving average price is $12.73 and its two-hundred day moving average price is $8.00. The stock has a market capitalization of $4.70 billion, a PE ratio of -43.12 and a beta of 1.79.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its 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 business 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%. Energy Fuels's revenue for the quarter was up –51.7% compared to the same quarter last year. As a group, analysts predict that Energy Fuels Inc will post -0.1 EPS for the current year.

Insider Activity at Energy Fuels

In related news, VP Scott Bakken sold 4,629 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $12.00, for a total transaction of $55,548.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis Lyle Higgs sold 6,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $14.88, for a total transaction of $89,280.00. Following the sale, the director owned 218,881 shares of the company's stock, valued at $3,256,949.28. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 618,724 shares of company stock worth $6,782,959. 1.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Fuels

Hedge funds have recently modified their holdings of the stock. Byrne Asset Management LLC lifted its holdings in shares of Energy Fuels by 114.6% in the first 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 in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Energy Fuels by 27.5% in the second 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 in the last quarter. Adams Wealth Management purchased a new stake in Energy Fuels during the first quarter valued at $37,000. CacheTech Inc. purchased a new stake in Energy Fuels during the first quarter valued at $37,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in Energy Fuels during the first quarter valued at $38,000. Hedge funds and other 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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