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

Shares of Energy Fuels Inc. (NYSE:UUUU) traded down 4.5% during mid-day trading on Tuesday . The company traded as low as $6.49 and last traded at $6.63. 1,532,573 shares were traded 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

Several analysts have commented on UUUU shares. Roth Mkm upped their target price on shares of Energy Fuels from $4.75 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday. HC Wainwright lifted their price objective on Energy Fuels from $10.50 to $10.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.58.

Energy Fuels Stock Down 4.6 %

The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -90.86 and a beta of 1.61. The stock’s fifty day moving average is $5.24 and its 200-day moving average is $5.69.

Energy Fuels (NYSE:UUUU) last announced its quarterly earnings results on Friday, August 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $8.72 million during 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%. As a group, equities research analysts predict that Energy Fuels Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energy Fuels

Several large investors have recently modified their holdings of UUUU. Lynx Investment Advisory bought a new position in shares of Energy Fuels during the 2nd quarter valued at about $30,000. Eastern Bank acquired a new stake in Energy Fuels during the 3rd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in Energy Fuels in the second quarter valued at approximately $31,000. Signaturefd LLC boosted its holdings 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 during the period. Finally, Xponance Inc. bought a new stake in shares of Energy Fuels during the second quarter worth $61,000. 48.24% of the stock is currently owned by institutional investors.

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.