Energy Fuels (NYSE:UUUU) Sees Strong Trading Volume – Time to Buy?

Shares of Energy Fuels Inc. (NYSE:UUUU) saw strong trading volume on Thursday . 1,467,435 shares were traded during mid-day trading, a decline of 51% from the previous session’s volume of 2,988,471 shares.The stock last traded at $6.94 and had previously closed at $6.60.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price target on Energy Fuels from $10.50 to $10.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Energy Fuels has a consensus rating of “Hold” and a consensus target price of $8.67.

Energy Fuels Stock Up 3.0 %

The firm’s 50-day simple moving average is $5.11 and its 200 day simple moving average is $5.71. The firm has a market cap of $1.10 billion, a P/E ratio of -97.71 and a beta of 1.61.

Energy Fuels (NYSE:UUUU) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. Energy Fuels had a negative net margin of 27.23% and a negative return on equity of 6.56%. The company had revenue of $8.72 million for the quarter, compared to analysts’ expectations of $3.85 million. As a group, analysts forecast that Energy Fuels Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Energy Fuels

Several large investors have recently added to or reduced their stakes in UUUU. Lynx Investment Advisory purchased a new position in Energy Fuels in the 2nd quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new position in Energy Fuels during the 2nd quarter valued at about $31,000. Xponance Inc. bought a new stake in shares of Energy Fuels during the second quarter valued at about $61,000. Creative Planning bought a new position in shares of Energy Fuels in the third quarter valued at approximately $57,000. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Energy Fuels in the second quarter valued at approximately $74,000. Hedge funds and other 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.