Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Down – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU) gapped down prior to trading on Friday . The stock had previously closed at $21.69, but opened at $19.50. Energy Fuels shares last traded at $20.58, with a volume of 11,710,356 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. HC Wainwright boosted their price objective on shares of Energy Fuels from $12.00 to $16.25 and gave the company a “buy” rating in a report on Wednesday, September 17th. Roth Capital downgraded shares of Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a report on Friday, July 11th. Finally, B. Riley assumed coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a “buy” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $9.25.

Energy Fuels Stock Performance

The stock’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $8.82. The company has a market cap of $4.86 billion, a P/E ratio of -42.98 and a beta of 1.79.

Energy Fuels (NYSEAMERICAN:UUUU) last issued 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). Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The firm had revenue of $4.21 million for the quarter. The firm’s quarterly revenue was up –51.7% on a year-over-year basis. On average, equities research analysts forecast 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 company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $14.85, for a total transaction of $148,500.00. Following the completion of the transaction, the director directly owned 195,617 shares in the company, valued at $2,904,912.45. This represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott Bakken sold 4,629 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total transaction of $55,548.00. Following the transaction, the vice president owned 108,817 shares of the company’s stock, valued at approximately $1,305,804. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 618,724 shares of company stock valued at $6,782,959. Company insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Energy Fuels by 3,820.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock valued at $26,000 after acquiring an additional 1,643 shares during the period. SBI Securities Co. Ltd. increased its position in Energy Fuels by 27.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company’s stock valued at $36,000 after acquiring an additional 1,344 shares during the period. Adams Wealth Management acquired a new position in Energy Fuels in the 1st quarter valued at approximately $37,000. CacheTech Inc. acquired a new position in Energy Fuels in the 1st quarter valued at approximately $37,000. Finally, Joel Isaacson & Co. LLC acquired a new position in Energy Fuels in the 1st quarter valued at approximately $38,000. 48.24% of the stock is currently 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.