Energy Fuels (NYSE:UUUU) Trading Down 4.1% After Analyst Downgrade

Energy Fuels Inc. (NYSE:UUUU) shares were down 4.1% on Monday after Roth Mkm lowered their price target on the stock from $6.00 to $5.50. Roth Mkm currently has a neutral rating on the stock. Energy Fuels traded as low as $5.33 and last traded at $5.37. Approximately 1,492,448 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 3,070,022 shares. The stock had previously closed at $5.60.

Separately, HC Wainwright upped their price target on shares of Energy Fuels from $10.75 to $11.00 and gave the stock a “buy” rating in a research note on Monday. 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. Based on data from MarketBeat.com, Energy Fuels currently has an average rating of “Hold” and an average target price of $8.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UUUU. Lynx Investment Advisory acquired a new position in shares of Energy Fuels during the 2nd quarter worth approximately $30,000. Eastern Bank acquired a new position in shares of Energy Fuels in the third quarter worth $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Energy Fuels in the second quarter valued at $31,000. Signaturefd LLC boosted its stake in shares of 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 acquiring an additional 4,321 shares during the last quarter. Finally, Xponance Inc. purchased a new stake in Energy Fuels during the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Energy Fuels Stock Performance

The stock has a market cap of $1.09 billion, a PE ratio of -25.59 and a beta of 1.60. The business has a 50-day moving average of $5.46 and a 200 day moving average of $5.67.

Energy Fuels (NYSE:UUUU) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Energy Fuels had a negative net margin of 90.40% and a negative return on equity of 9.12%. The firm had revenue of $4.05 million during the quarter, compared to analyst estimates of $5.10 million. Equities analysts expect that Energy Fuels Inc. will post -0.11 EPS for the current fiscal year.

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.