Stock Traders Purchase Large Volume of Call Options on Energy Fuels (NYSEAMERICAN:UUUU)

Energy Fuels Inc (NYSEAMERICAN:UUUU) was the recipient of some unusual options trading on Friday. Stock traders acquired 259,085 call options on the stock. This represents an increase of 356% compared to the average daily volume of 56,762 call options.

Energy Fuels Stock Performance

Shares of UUUU stock opened at $21.37 on Friday. Energy Fuels has a fifty-two week low of $3.20 and a fifty-two week high of $27.33. The firm has a market capitalization of $4.93 billion, a P/E ratio of -43.61 and a beta of 1.79. The stock’s fifty day moving average is $15.55 and its two-hundred day moving average is $9.41.

Energy Fuels (NYSEAMERICAN:UUUU) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The company had revenue of $4.21 million for the quarter. The business’s revenue for the quarter was up –51.7% on a year-over-year basis. On average, equities analysts forecast that Energy Fuels will post -0.1 earnings per share for the current year.

Insider Activity at Energy Fuels

In related news, VP Scott Bakken sold 4,629 shares of Energy Fuels stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $12.00, for a total value of $55,548.00. Following the completion of the sale, the vice president directly owned 108,817 shares in the company, valued at $1,305,804. The trade was a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dennis Lyle Higgs sold 6,000 shares of Energy Fuels stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $14.88, for a total value of $89,280.00. Following the completion of the sale, the director owned 218,881 shares of the company’s stock, valued at $3,256,949.28. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 618,724 shares of company stock worth $6,782,959 over the last three months. 1.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UUUU. Farther Finance Advisors LLC raised its holdings in shares of Energy Fuels by 3,820.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,686 shares of the company’s stock worth $26,000 after acquiring an additional 1,643 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Energy Fuels by 27.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,238 shares of the company’s stock worth $36,000 after acquiring an additional 1,344 shares during the period. Adams Wealth Management purchased a new position in shares of Energy Fuels during the 1st quarter worth $37,000. CacheTech Inc. acquired a new stake in shares of Energy Fuels during the 1st quarter worth about $37,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in shares of Energy Fuels during the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UUUU. HC Wainwright boosted their target price on shares of Energy Fuels from $16.25 to $27.50 and gave the stock a “buy” rating in a report on Tuesday. B. Riley began coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They issued a “buy” rating and a $9.00 target price for the company. Finally, Roth Capital downgraded shares of Energy Fuels from a “buy” rating to a “neutral” rating and set a $6.00 target price for the company. in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $12.06.

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.