Energy Fuels (NYSE:UUUU) Shares Gap Up - Should You Buy?

Energy Fuels Inc. (NYSE:UUUU - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $6.64, but opened at $7.05. Energy Fuels shares last traded at $6.97, with a volume of 1,429,274 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on UUUU. Roth Mkm decreased their target price on Energy Fuels from $6.00 to $5.50 and set a "neutral" rating for the company in a report on Monday, November 4th. HC Wainwright boosted their price target on shares of Energy Fuels from $10.75 to $11.00 and gave the company a "buy" rating in a research report on Monday, November 4th.

Energy Fuels Trading Up 9.8 %

The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -33.18 and a beta of 1.60. The business has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $5.72.

Energy Fuels (NYSE:UUUU - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $4.05 million for the quarter, compared to analyst estimates of $5.10 million. Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.16%. Research analysts anticipate that Energy Fuels Inc. will post -0.1 EPS for the current fiscal year.

Institutional Trading of Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of UUUU. Eastern Bank acquired a new position in Energy Fuels during the third quarter valued at approximately $27,000. Lynx Investment Advisory acquired a new position in Energy Fuels during the 2nd quarter valued at about $30,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Energy Fuels during the second quarter valued at approximately $31,000. Signaturefd LLC grew its holdings in Energy Fuels by 261.7% during the third quarter. Signaturefd LLC now owns 5,972 shares of the company's stock valued at $33,000 after purchasing an additional 4,321 shares during the period. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Energy Fuels during the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds 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.