Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Down 8.4% - Should You Sell?

Key Points

• Energy Fuels shares fell 8.4% to about $6.70 in mid-day trading, with volume 78% below its average.
• Analysts cut price targets, including HC Wainwright to $22.50 and B. Riley to $19, but the consensus remains “Moderate Buy” with a $19.30 target.
• The company reported a quarterly loss of $0.20 per share, missing estimates of a $0.10 loss, while revenue rose 64.8% year over year to $29.18 million.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) were down 8.4% during mid-day trading on Tuesday. The stock traded as low as $6.71 and last traded at $6.6970. 2,226,393 shares changed hands during trading, a decline of 78% from the average session volume of 10,192,491 shares. The stock had previously closed at $7.31.

Analyst Ratings Changes

Several analysts have commented on the company. HC Wainwright lowered their price target on Energy Fuels from $29.25 to $22.50 and set a "buy" rating for the company in a report on Thursday, November 5th. B. Riley Financial cut their price objective on shares of Energy Fuels from $25.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, October 28th. Zacks Research raised shares of Energy Fuels from a "strong sell" rating to a "hold" rating in a research report on Friday, October 9th. UBS Group upgraded shares of Energy Fuels to a "neutral" rating in a report on Friday, August 14th. Finally, Roth Capital raised shares of Energy Fuels from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.30.

Energy Fuels Price Performance

The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -14.81 and a beta of 1.82. The company has a quick ratio of 25.87, a current ratio of 27.90 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $10.39 and a 200 day simple moving average of $15.91.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.10). Energy Fuels had a negative net margin of 100.40% and a negative return on equity of 16.00%. The firm had revenue of $29.18 million during the quarter. The company's revenue for the quarter was up 64.8% compared to the same quarter last year. As a group, research analysts predict that Energy Fuels Inc will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its holdings in Energy Fuels by 4,108.3% in the 1st quarter. Empowered Funds LLC now owns 511,478 shares of the company's stock worth $9,334,000 after acquiring an additional 499,324 shares during the period. Sapient Capital LLC purchased a new stake in shares of Energy Fuels during the first quarter valued at approximately $6,486,000. Renaissance Technologies LLC purchased a new stake in shares of Energy Fuels during the first quarter valued at approximately $11,640,000. Goehring & Rozencwajg Associates LLC raised its stake in shares of Energy Fuels by 20.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,484,902 shares of the company's stock valued at $27,099,000 after purchasing an additional 255,494 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Energy Fuels during the first quarter worth $10,183,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Energy Fuels Company Profile

Energy Fuels Inc. is a U.S.-based critical minerals company focused on uranium, rare earth elements and mineral sands. Its uranium business includes mining projects in the western United States and the White Mesa Mill in Utah, where the company processes uranium ore into uranium concentrate for the nuclear fuel market. The mill is also used to process materials containing rare earth elements and vanadium. At White Mesa, Energy Fuels has been developing its rare earth processing capabilities, including the production of rare earth products from monazite-bearing materials.

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