Energy Fuels (NYSE:UUUU) Stock Price Up 7.8% - Time to Buy?

Shares of Energy Fuels Inc. (NYSE:UUUU - Get Free Report) were up 7.8% on Thursday . The company traded as high as $5.58 and last traded at $5.53. Approximately 1,827,308 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 3,282,057 shares. The stock had previously closed at $5.13.

Analysts Set New Price Targets

UUUU has been the subject of a number of recent analyst reports. 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 research report on Monday, November 4th. HC Wainwright reiterated a "buy" rating and set a $11.00 target price on shares of Energy Fuels in a research note on Wednesday, December 11th.

Energy Fuels Stock Up 10.7 %

The business's fifty day moving average is $6.23 and its two-hundred day moving average is $5.71. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -25.82 and a beta of 1.64.

Energy Fuels (NYSE:UUUU - Get Free Report) last issued its quarterly 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). Energy Fuels had a negative return on equity of 9.16% and a negative net margin of 90.40%. The business had revenue of $4.05 million for the quarter, compared to analyst estimates of $5.10 million. Research analysts forecast that Energy Fuels Inc. will post -0.1 EPS for the current year.

Insider Transactions at Energy Fuels

In related news, Director Alex G. Morrison sold 17,500 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $5.72, for a total transaction of $100,100.00. Following the completion of the transaction, the director now directly owns 165,528 shares in the company, valued at approximately $946,820.16. This trade represents a 9.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis Lyle Higgs sold 18,615 shares of Energy Fuels stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $7.23, for a total value of $134,586.45. Following the completion of the sale, the director now directly owns 291,422 shares in the company, valued at approximately $2,106,981.06. This represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.92% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Eastern Bank bought a new position in shares of Energy Fuels in the 3rd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Energy Fuels during the 2nd quarter worth approximately $31,000. Signaturefd LLC grew its stake 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 buying an additional 4,321 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Energy Fuels during the third quarter worth $53,000. Finally, Hilltop Holdings Inc. acquired a new position in Energy Fuels during the third quarter worth $55,000. Institutional investors and hedge funds own 48.24% of the company's stock.

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.