Energy Fuels (NYSE:UUUU) Stock Price Up 7.8% – Should You Buy?

Energy Fuels Inc. (NYSE:UUUU) shares traded up 7.8% during mid-day trading on Thursday . The stock traded as high as $5.58 and last traded at $5.53. 1,827,308 shares were traded during trading, a decline of 44% from the average session volume of 3,282,057 shares. The stock had previously closed at $5.13.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UUUU shares. HC Wainwright reiterated a “buy” rating and issued a $11.00 price target on shares of Energy Fuels in a research note on Wednesday, December 11th. Roth Mkm lowered their price target on Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a report on Monday, November 4th.

Energy Fuels Price Performance

The company has a market capitalization of $1.11 billion, a P/E ratio of -25.55 and a beta of 1.64. The firm’s 50-day moving average is $6.23 and its 200-day moving average is $5.71.

Energy Fuels (NYSE:UUUU) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. The business had revenue of $4.05 million for the quarter, compared to the consensus estimate of $5.10 million. As a group, analysts forecast that Energy Fuels Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Energy Fuels

In other Energy Fuels news, Director Alex G. Morrison sold 17,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $5.72, for a total value of $100,100.00. Following the completion of the sale, the director now owns 165,528 shares in the company, valued at approximately $946,820.16. This represents a 9.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis Lyle Higgs sold 18,615 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.23, for a total value of $134,586.45. Following the completion of the transaction, the director now owns 291,422 shares in the company, valued at $2,106,981.06. The trade was a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On Energy Fuels

Several institutional investors and hedge funds have recently modified their holdings of UUUU. Bank of New York Mellon Corp lifted its position in shares of Energy Fuels by 20.8% in the second quarter. Bank of New York Mellon Corp now owns 573,284 shares of the company’s stock worth $3,474,000 after buying an additional 98,895 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Energy Fuels by 17.3% in the second quarter. Rhumbline Advisers now owns 277,744 shares of the company’s stock valued at $1,683,000 after purchasing an additional 40,915 shares in the last quarter. TD Asset Management Inc increased its position in Energy Fuels by 1.6% in the second quarter. TD Asset Management Inc now owns 437,739 shares of the company’s stock worth $2,652,000 after purchasing an additional 6,808 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in Energy Fuels during the second quarter valued at $74,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Energy Fuels during the second quarter valued at $31,000. 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.