Energy Fuels (NYSE:UUUU) Trading 5.1% Higher – Should You Buy?

Energy Fuels Inc. (NYSE:UUUU) traded up 5.1% during mid-day trading on Wednesday . The stock traded as high as $5.55 and last traded at $5.54. 1,515,654 shares traded hands during trading, a decline of 71% from the average session volume of 5,248,294 shares. The stock had previously closed at $5.27.

Analysts Set New Price Targets

UUUU has been the topic of a number of research reports. Roth Mkm decreased their target price on shares of Energy Fuels from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, November 4th. HC Wainwright reiterated a “buy” rating and set a $11.00 price objective on shares of Energy Fuels in a research report on Wednesday, December 11th.

Energy Fuels Price Performance

The company has a market capitalization of $1.06 billion, a PE ratio of -24.14 and a beta of 1.71. The business’s 50 day simple moving average is $5.82 and its 200 day simple moving average is $5.62.

Energy Fuels (NYSE:UUUU) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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%. As a group, analysts anticipate that Energy Fuels Inc. will post -0.1 EPS for the current year.

Insider Transactions at Energy Fuels

In related news, Director J. Birks Bovaird sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $5.44, for a total transaction of $54,400.00. Following the completion of the transaction, the director now owns 178,380 shares of the company’s stock, valued at approximately $970,387.20. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dennis Lyle Higgs sold 18,615 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.23, for a total value of $134,586.45. Following the transaction, the director now owns 291,422 shares of the company’s stock, valued at approximately $2,106,981.06. This represents a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,115 shares of company stock worth $289,086. 1.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Fuels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UUUU. AlphaMark Advisors LLC acquired a new stake in shares of Energy Fuels in the fourth quarter valued at $25,000. Eastern Bank purchased a new position in shares of Energy Fuels in the 3rd quarter valued at about $27,000. Signaturefd LLC grew its position in shares of Energy Fuels by 261.7% during the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock worth $33,000 after buying an additional 4,321 shares in the last quarter. Wealthspan Partners LLC purchased a new stake in shares of Energy Fuels during the fourth quarter worth approximately $51,000. Finally, Accel Wealth Management acquired a new stake in Energy Fuels in the fourth quarter valued at approximately $52,000. 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.