Energy Fuels (NYSE:UUUU) Stock Price Down 4.5% – Time to Sell?

Energy Fuels Inc. (NYSE:UUUU) fell 4.5% during mid-day trading on Tuesday . The stock traded as low as $6.49 and last traded at $6.63. 1,532,573 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 3,044,594 shares. The stock had previously closed at $6.94.

Wall Street Analyst Weigh In

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

Energy Fuels Trading Down 3.7 %

The business’s fifty day moving average price is $5.16 and its 200-day moving average price is $5.69. The company has a market capitalization of $1.08 billion, a P/E ratio of -95.29 and a beta of 1.61.

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

Institutional Investors Weigh In On Energy Fuels

A number of institutional investors have recently made changes to their positions in UUUU. Principal Financial Group Inc. lifted its stake in Energy Fuels by 14.3% in the first quarter. Principal Financial Group Inc. now owns 21,111 shares of the company’s stock worth $133,000 after purchasing an additional 2,639 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Energy Fuels by 10.8% in the first quarter. ProShare Advisors LLC now owns 28,816 shares of the company’s stock worth $181,000 after purchasing an additional 2,798 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Energy Fuels by 14.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,628 shares of the company’s stock valued at $143,000 after buying an additional 3,014 shares during the period. Vontobel Holding Ltd. grew its holdings in Energy Fuels by 12.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,999 shares of the company’s stock worth $187,000 after acquiring an additional 3,752 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Energy Fuels by 261.7% in the third quarter. Signaturefd LLC now owns 5,972 shares of the company’s stock valued at $33,000 after acquiring an additional 4,321 shares during the period. 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.