Energy Fuels (NYSEAMERICAN:UUUU) Stock Price Down 6.5% – What’s Next?

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares traded down 6.5% during trading on Tuesday . The company traded as low as $15.32 and last traded at $15.42. 4,161,137 shares traded hands during trading, a decline of 70% from the average session volume of 13,826,053 shares. The stock had previously closed at $16.49.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UUUU shares. Roth Capital cut Energy Fuels from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $7.25 to $11.50 in a research note on Wednesday, November 5th. B. Riley initiated coverage on shares of Energy Fuels in a research note on Wednesday, July 23rd. They set a “buy” rating and a $9.00 price target for the company. Finally, HC Wainwright dropped their price objective on shares of Energy Fuels to $26.75 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Energy Fuels has an average rating of “Moderate Buy” and an average price target of $13.25.

Energy Fuels Trading Down 4.9%

The stock has a 50-day moving average of $17.22 and a two-hundred day moving average of $10.60. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -32.02 and a beta of 1.79.

Insider Activity

In other Energy Fuels news, VP Saleem Drera sold 266,595 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.01, for a total transaction of $2,935,210.95. Following the sale, the vice president directly owned 24,474 shares of the company’s stock, valued at $269,458.74. The trade was a 91.59% decrease in their position. The sale 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 firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $12.00, for a total value of $55,548.00. Following the completion of the sale, the vice president directly owned 108,817 shares of the company’s stock, valued at approximately $1,305,804. This trade represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 368,724 shares of company stock valued at $4,172,959. 1.77% of the stock is currently owned by company insiders.

Institutional Trading of Energy Fuels

Several large investors have recently added to or reduced their stakes in the business. Cerity Partners LLC bought a new position in shares of Energy Fuels during the 1st quarter valued at $84,000. CWM LLC raised its holdings in Energy Fuels by 505.4% during the first quarter. CWM LLC now owns 17,501 shares of the company’s stock valued at $65,000 after buying an additional 14,610 shares in the last quarter. Bailard Inc. lifted its position in shares of Energy Fuels by 25.9% in the first quarter. Bailard Inc. now owns 22,875 shares of the company’s stock worth $85,000 after buying an additional 4,700 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Energy Fuels by 24.5% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,172 shares of the company’s stock worth $149,000 after acquiring an additional 7,897 shares in the last quarter. Finally, Brookwood Investment Group LLC acquired a new position in shares of Energy Fuels during the 1st quarter valued at about $70,000. 48.24% of the stock is owned by institutional investors.

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.