Are Energy Fuels Inc (AMEX: UUUU) Shares Ready For A Higher Price Run?

In the last trading session, 2.71 million shares of the Energy Fuels Inc (AMEX:UUUU) were traded, and its beta was 1.61. Most recently the company’s share price was $6.17, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $1.20B. UUUU currently trades at a discount to its 52-week high of $8.68, offering almost -40.68% off that amount. The share price’s 52-week low was $4.19, which indicates that the current value has risen by an impressive 32.09% since then. We note from Energy Fuels Inc’s average daily trading volume that its 10-day average is 5.0 million shares, with the 3-month average coming to 3.30 million.

Energy Fuels Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended UUUU as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Energy Fuels Inc is expected to report earnings per share of -0.05 for the current quarter.

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Energy Fuels Inc (AMEX:UUUU) trade information

The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.09 on recent trading dayincreased the stock’s daily price by 12.98%. The company’s shares are currently down -14.19% year-to-date, but still down -9.80% over the last five days. On the other hand, Energy Fuels Inc (AMEX:UUUU) is 10.97% up in the 30-day period. We can see from the shorts that 30.94 million shares have been sold at a short interest cover period of 10.14 day(s).

The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to increase their stock price by 35.05% from its current value. Analyst projections state that UUUU is forecast to be at a low of $9 and a high of $10.5.

Energy Fuels Inc (UUUU) estimates and forecasts

Energy Fuels Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 14.26 percent over the past six months and at a 8.33% annual growth rate that is well below the industry average of 12.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -171.40% in revenue this quarter, and will report an increase of 69.20% in the next quarter. The year-over-year growth rate is expected to be 32.60%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 5.1M in revenue for the current quarter. 2 analysts expect Energy Fuels Inc to make 8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 10.99M and 465k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -53.60%. Forecasts for the next quarter put sales growth at 1,620.40%.

UUUU Dividends

Energy Fuels Inc’s next quarterly earnings report is expected to be released on 2024-Nov-01.

Energy Fuels Inc (AMEX:UUUU)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.04% of Energy Fuels Inc shares, and 52.03% of them are in the hands of institutional investors. The stock currently has a share float of 53.12%. Energy Fuels Inc stock is held by 267.0 institutions, with ALPS ADVISORS INC being the largest institutional investor. By 2024-06-30, it held 7.3594% of the shares, which is about 12.03 million shares worth $72.88 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., with 7.2777% or 11.89 million shares worth $72.05 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 10.61 shares worth $65.47 million, making up 5.46% of all outstanding shares. On the other hand, Sprott Uranium Miners ETF held roughly 9.31 shares worth around $57.46 million, which represents about 4.80% of the total shares outstanding.