Energy Fuels (NYSE:UUUU) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Energy Fuels Inc. (NYSE:UUUU) saw strong trading volume on Thursday . 1,467,435 shares changed hands during 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.

Analyst Ratings Changes

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

Energy Fuels Stock Up 3.0 %

The firm has a market cap of $1.10 billion, a P/E ratio of -97.71 and a beta of 1.61. The business has a fifty day moving average of $5.11 and a 200 day moving average of $5.71.

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

Institutional Trading of Energy Fuels

A number of hedge funds have recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its holdings in shares of Energy Fuels by 12.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,999 shares of the company’s stock worth $187,000 after buying an additional 3,752 shares in the last quarter. Creative Planning acquired a new position in shares of Energy Fuels during the third quarter valued at about $57,000. SG Americas Securities LLC raised its holdings in shares of Energy Fuels by 440.9% in the 3rd quarter. SG Americas Securities LLC now owns 187,456 shares of the company’s stock worth $1,029,000 after acquiring an additional 152,799 shares during the last quarter. Lloyd Harbor Capital Management LLC acquired a new position in Energy Fuels during the 2nd quarter valued at about $2,787,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Energy Fuels by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 271,477 shares of the company’s stock worth $1,643,000 after purchasing an additional 4,843 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

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.