Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Down – Here’s What Happened

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares gapped down before the market opened on Tuesday . The stock had previously closed at $17.80, but opened at $16.00. Energy Fuels shares last traded at $17.30, with a volume of 9,677,973 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UUUU shares. B. Riley started coverage on Energy Fuels in a report on Wednesday, July 23rd. They set a “buy” rating and a $9.00 target price on the stock. Roth Capital lowered Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research report on Friday, July 11th. Finally, HC Wainwright dropped their price target on Energy Fuels to $26.75 and set a “buy” rating on the stock in a research report on Tuesday. 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 stock. According to data from MarketBeat.com, Energy Fuels presently has an average rating of “Buy” and an average price target of $11.88.

Energy Fuels Stock Down 2.2%

The firm has a market capitalization of $4.02 billion, a P/E ratio of -35.53 and a beta of 1.79. The stock has a fifty day moving average of $16.78 and a 200-day moving average of $10.20.

Energy Fuels (NYSEAMERICAN:UUUU) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $4.21 million for the quarter. Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The firm’s quarterly revenue was up –51.7% compared to the same quarter last year. Sell-side analysts predict that Energy Fuels Inc will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Energy Fuels news, EVP Timothy James Carstens sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $10.44, for a total value of $2,610,000.00. Following the completion of the transaction, the executive vice president directly owned 267,029 shares in the company, valued at $2,787,782.76. This trade represents a 48.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis Lyle Higgs sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $11.79, for a total value of $235,800.00. Following the completion of the transaction, the director owned 256,381 shares of the company’s stock, valued at approximately $3,022,731.99. This represents a 7.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 618,724 shares of company stock valued at $6,782,959 in the last ninety days. 1.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Energy Fuels by 6.7% in the third quarter. Principal Financial Group Inc. now owns 15,374 shares of the company’s stock valued at $236,000 after purchasing an additional 962 shares in the last quarter. Independent Advisor Alliance grew its stake in Energy Fuels by 63.6% in the third quarter. Independent Advisor Alliance now owns 19,095 shares of the company’s stock valued at $293,000 after purchasing an additional 7,423 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Energy Fuels in the third quarter valued at approximately $1,545,000. Truist Financial Corp bought a new position in shares of Energy Fuels during the 3rd quarter worth approximately $351,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Energy Fuels by 13.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,850 shares of the company’s stock worth $243,000 after acquiring an additional 1,870 shares during the period. 48.24% of the stock is currently owned by institutional investors.

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.