Traders Buy Large Volume of Energy Fuels Call Options (NYSEAMERICAN:UUUU)

Key Points

• Traders purchased a significant volume of 93,369 call options for Energy Fuels Inc (UUUU), marking an increase of approximately 137% from the average daily volume.
• Analyst ratings vary, with Roth Capital reducing Energy Fuels' rating to neutral and setting a target price of $6.00, while HC Wainwright raised the target to $16.25.
• Insider selling activity has been notable, with insiders selling a total of 618,724 shares worth $6.8 million over the last 90 days.

Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders bought 93,369 call options on the stock. This is an increase of approximately 137% compared to the average daily volume of 39,432 call options.

Analysts Set New Price Targets

UUUU has been the subject of several recent analyst reports. Roth Capital cut shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 target price for the company. in a research note on Friday, July 11th. HC Wainwright raised their price objective on shares of Energy Fuels from $12.00 to $16.25 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Finally, B. Riley initiated coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $9.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $9.25.

Energy Fuels Price Performance

UUUU stock traded up $2.30 during midday trading on Thursday, reaching $20.30. 21,811,531 shares of the company's stock traded hands, compared to its average volume of 11,612,495. The company has a market capitalization of $4.51 billion, a P/E ratio of -41.43 and a beta of 1.79. Energy Fuels has a fifty-two week low of $3.20 and a fifty-two week high of $20.48. The business has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $7.89.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates 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%. The business's revenue was up –51.7% compared to the same quarter last year. As a group, research analysts forecast that Energy Fuels will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Energy Fuels

In other Energy Fuels news, Director Dennis Lyle Higgs sold 20,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $11.79, for a total transaction of $235,800.00. Following the completion of the transaction, the director owned 256,381 shares of the company's stock, valued at $3,022,731.99. This represents a 7.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Saleem Drera sold 266,595 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.01, for a total transaction of $2,935,210.95. Following the completion of the transaction, the vice president directly owned 24,474 shares of the company's stock, valued at approximately $269,458.74. The trade was a 91.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 618,724 shares of company stock worth $6,782,959 over the last 90 days. Company insiders own 1.77% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UUUU. Stanley Laman Group Ltd. lifted its position in shares of Energy Fuels by 1.9% during the first quarter. Stanley Laman Group Ltd. now owns 702,960 shares of the company's stock worth $2,622,000 after purchasing an additional 12,914 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Energy Fuels by 48.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,319 shares of the company's stock worth $102,000 after purchasing an additional 8,972 shares in the last quarter. Byrne Asset Management LLC lifted its position in shares of Energy Fuels by 114.6% during the first quarter. Byrne Asset Management LLC now owns 7,727 shares of the company's stock worth $29,000 after purchasing an additional 4,127 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Energy Fuels by 23.5% during the first quarter. Janney Montgomery Scott LLC now owns 124,394 shares of the company's stock worth $464,000 after purchasing an additional 23,688 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in shares of Energy Fuels by 9.9% during the first quarter. Robertson Stephens Wealth Management LLC now owns 1,736,441 shares of the company's stock worth $6,477,000 after purchasing an additional 156,522 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

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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