Energy Fuels (NYSEAMERICAN:UUUU) Trading Down 5.3% Following Insider Selling

Key Points

• Energy Fuels Inc shares fell 5.3% to $11.87 after insider selling by Director Dennis Lyle Higgs, who sold 10,000 shares at an average price of $12.63.
• Analysts have mixed ratings on the stock, with Roth Capital downgrading it from "buy" to "neutral" with a price target of $6.00, while HC Wainwright set a target of $12.00.
• The company's financial performance shows a negative net margin of 143.05% and a reported revenue decline of 51.7% compared to the same quarter last year.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) shares fell 5.3% during mid-day trading on Friday following insider selling activity. The company traded as low as $11.86 and last traded at $11.87. 5,367,739 shares were traded during mid-day trading, a decline of 49% from the average session volume of 10,448,570 shares. The stock had previously closed at $12.53.

Specifically, Director Dennis Lyle Higgs sold 10,000 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $12.63, for a total value of $126,300.00. Following the completion of the transaction, the director owned 236,381 shares in the company, valued at approximately $2,985,492.03. This represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis Lyle Higgs sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $13.12, for a total transaction of $98,400.00. Following the completion of the transaction, the director owned 246,381 shares of the company's stock, valued at $3,232,518.72. This trade represents a 2.95% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UUUU shares. 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. HC Wainwright reiterated a "buy" rating and issued a $12.00 price objective (up from $10.00) on shares of Energy Fuels in a report on Friday, August 8th. Finally, B. Riley started coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $8.19.

Energy Fuels Stock Down 5.0%

The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -24.29 and a beta of 1.76. The firm's 50 day moving average is $9.64 and its 200 day moving average is $6.42.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate 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 business had revenue of $4.21 million for the quarter. The firm's revenue for the quarter was up –51.7% compared to the same quarter last year. On average, sell-side analysts predict that Energy Fuels Inc will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Energy Fuels

Several hedge funds have recently made changes to their positions in the company. Silverlake Wealth Management LLC purchased a new stake in shares of Energy Fuels in the 2nd quarter valued at approximately $65,000. Geneos Wealth Management Inc. lifted its position in shares of Energy Fuels by 27.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 59,851 shares of the company's stock valued at $344,000 after acquiring an additional 13,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Energy Fuels by 30.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 24,005 shares of the company's stock valued at $138,000 after acquiring an additional 5,595 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Energy Fuels by 34.4% in the 2nd quarter. Corient Private Wealth LLC now owns 78,057 shares of the company's stock valued at $449,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Energy Fuels by 15.6% in the 2nd quarter. Vident Advisory LLC now owns 2,391,055 shares of the company's stock valued at $13,749,000 after acquiring an additional 322,195 shares in the last quarter. 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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