Energy Fuels (NYSE:UUUU) Trading Down 3.6% – Here’s Why

Energy Fuels Inc. (NYSE:UUUU) dropped 3.6% during mid-day trading on Wednesday . The company traded as low as $5.36 and last traded at $5.39. Approximately 568,543 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 2,960,302 shares. The stock had previously closed at $5.59.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their target price on shares of Energy Fuels from $10.50 to $10.75 and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.67.

Energy Fuels Stock Down 4.1 %

The firm has a market cap of $864.42 million, a price-to-earnings ratio of -80.14 and a beta of 1.61. The stock’s 50 day moving average is $4.93 and its 200 day moving average is $5.73.

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

Hedge Funds Weigh In On Energy Fuels

Institutional investors have recently bought and sold shares of the stock. Lynx Investment Advisory purchased a new position in shares of Energy Fuels in the second quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Energy Fuels in the 2nd quarter valued at about $31,000. Xponance Inc. purchased a new stake in shares of Energy Fuels in the second quarter worth approximately $61,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Energy Fuels during the second quarter worth approximately $74,000. Finally, Toronto Dominion Bank grew its position in Energy Fuels by 328.0% during the second quarter. Toronto Dominion Bank now owns 14,141 shares of the company’s stock valued at $86,000 after purchasing an additional 10,837 shares in the last quarter. Hedge funds and other institutional investors 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.