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Energy Fuels Inc. (AMEX: UUUU) Bulls Still Eyeing Towards $12.36

Katie Ford by Katie Ford
March 17, 2023
in Business
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Energy Fuels Inc. (AMEX:UUUU) currently has a daily average trading volume of 1.80M but it saw 2204304 shares traded on Thursday. With a market cap of 835.87M USD, stock’s current market price of $5.30 came rising about 0.76 while comparing to the previous closing price of $5.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.00 and as low as $4.69. In the recent trading on the day, stock has struck highest price mark of $5.37 while lowest mark touched by it was $4.85.

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Taking a look at 20-day trading activity of Energy Fuels Inc. (UUUU) gives us an average price of $6.28, while its current price level is -51.82% below from 52-week high level whereas it is 13.01% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.75 while that of 200 days or SMA-200 reads an average of $6.50. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.95% during that period while stretching the period over a month that decreases to 5.30%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 28.08 which implies that the stock is in oversold territory.

Energy Fuels Inc. (UUUU)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $8.50 and $12.36 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $8.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $12.36. Average price target assigned by them is $10.27 which highlights an upside potential of 48.39% for the stock over that period. And to attain the median price target of $9.89 assigned by those analysts, stock has to add about 46.41% of value to its current levels.

Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 8 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.

Over the week, UUUU’s stock price is moving -8.30% down while it is -28.28% when we observe its performance for the past one month. Year-to-date it is -14.65% down and over the past year, the stock is showing a downside performance of -35.91%.

The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.06 beaten by the consensus estimate of -$0.03 for the same. The company is expected to be releasing its next quarterly report in 05/05/2023, for which analysts forecasted an EPS of -$0.02 while estimate for next year EPS is -$0.24. For UUUU, analysts are forecasting an EPS-growth rate of -4.30% for current year and estimate for EPS growth in next year is 125.00%. In next quarter, company is expected to be making quarterly sales of $19.5 million as analysts are expecting the sales for current fiscal year at $17.11 million and seeing the company making $42.37 million in sales next year. Moreover, analysts are in estimates of $3.6 million for current-quarter revenue.

Currently, Energy Fuels Inc.’s total number of outstanding shares is 157.71M with 1.65% of that held by the insiders while 45.00% of its common stock has been owned by the institutions. It has a 265.00 of forward P/E ratio. Stock has a price to book (P/B) ratio of 3.48 while price to sale or P/S ratio amounts to 66.79.

As per SEC documents, Global X Uranium ETF sought 7,366,824 of company’s common stock of worth $49.43 million as per recent closing price of the stock. Global X Uranium ETF is not the only institutional holder which restructured its stake in Energy Fuels Inc., as Sprott Uranium Miners ETF picked 6,982,332 shares of worth $46.85 million to bring its holdings to a total of 7842.0 shares. In the most recent quarter, Geiger Counter Ltd came rising its stake by 1,263.58% in the company and now holds 6.03 million or 3.82% of the company’s stake having worth of about 40.44 million.

Tags: AMEX:UUUUEnergy Fuels Inc.UUUUUUUU stock
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