Why Should You Invest In Energy Fuels Inc (AMEX: UUUU)?

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In the latest trading session, 1.62 million Energy Fuels Inc (AMEX:UUUU) shares changed hands as the company’s beta touched 1.60. With the company’s most recent per share price at $6.45 changing hands around $0.03 or 0.47% at last look, the market valuation stands at $1.77B. UUUU’s current price is a discount, trading about -34.57% off its 52-week high of $8.68. The share price had its 52-week low at $4.19, which suggests the last value was 35.04% up since then. When we look at Energy Fuels Inc’s average trading volume, we note the 10-day average is 3.85 million shares, with the 3-month average coming to 3.45 million.

Analysts gave the Energy Fuels Inc (UUUU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended UUUU as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Energy Fuels Inc’s EPS for the current quarter is expected to be -0.01.

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Energy Fuels Inc (AMEX:UUUU) trade information

Instantly UUUU is in green as seen in intraday trades today. With action 10.26%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -10.29%, with the 5-day performance at 10.26% in the green. However, in the 30-day time frame, Energy Fuels Inc (AMEX:UUUU) is 12.37% up. Looking at the short shares, we see there were 30.94 million shares sold at short interest cover period of 10.14 days.

The consensus price target for the stock as assigned by Wall Street analysts is 9.5, meaning bulls need an upside of 32.11% from its recent market value. According to analyst projections, UUUU’s forecast low is 9 with 10.5 as the target high. To hit the forecast high, the stock’s price needs a -62.79% plunge from its current level, while the stock would need to soar -39.53% for it to hit the projected low.

Energy Fuels Inc (UUUU) estimates and forecasts

Data shows that the Energy Fuels Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.91% over the past 6 months, a 16.67% in annual growth rate that is considerably higher than the industry average of 11.20%. Year-over-year growth is forecast to reach 91.20% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 45.25M. 1 analysts are of the opinion that Energy Fuels Inc’s revenue for the current quarter will be 23.1M. The company’s revenue for the corresponding quarters a year ago was 465k and 26.25M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9,631.20%. The estimates for the next quarter sales put growth at -12.00%. The 2024 estimates are for Energy Fuels Inc earnings to decrease by -114.78%.

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

If we look at who the major shareholders are, we find that insiders hold 2.00% of Energy Fuels Inc shares while 51.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.98%. There are 51.92% institutions holding the Energy Fuels Inc stock share, with ALPS ADVISORS INC the top institutional holder. As of 2024-06-30, the company held 7.3594% of the shares, roughly 12.03 million UUUU shares worth $72.88 million.

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