Energy Fuels Inc. (AMEX: UUUU) Stock: Looks Like A Good Investment

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Energy Fuels Inc. (AMEX:UUUU) shares, rose in value on Wednesday, 08/03/22, with the stock price up by 0.30% to the previous day’s close as strong demand from buyers drove the stock to $6.72.

Actively observing the price movement in the last trading, the stock closed the session at $6.70, falling within a range of $6.49 and $6.84. The value of beta (5-year monthly) was 1.49. Referring to stock’s 52-week performance, its high was $11.39, and the low was $4.32. On the whole, UUUU has fluctuated by 37.70% over the past month.

With the market capitalization of Energy Fuels Inc. currently standing at about $1.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 21, 2022 – Mar 25, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.02, which is expected to increase to -$0.01 for fiscal year -$0.16 and then to about -$0.13 by fiscal year 2022. Data indicates that the EPS growth is expected to be 30.40% in 2022, while the next year’s EPS growth is forecast to be 18.80%.

Analysts have estimated the company’s revenue for the quarter at $700k, with a low estimate of $700k and a high estimate of $700k. According to the average forecast, sales growth in current quarter could jump up 44.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $6.67 million, representing an increase of 302.30% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UUUU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UUUU currently trading nearly 17.24% and 14.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.08, while the 7-day volatility ratio is showing 6.34% which for the 30-day chart, stands at 6.56%. Furthermore, Energy Fuels Inc. (UUUU)’s average true range (ATR) is 0.40.

A comparison of Energy Fuels Inc. (UUUU) with its peers suggests the former has fared considerably weaker in the market. UUUU showed an intraday change of 0.30% in last session, and over the past year, it grew by 27.76%%. In comparison, Ur-Energy Inc. (URG) has moved lower at 0.00% on the day and was up 5.31% over the past 12 months. On the other hand, the price of Denison Mines Corp. (DNN) has fallen 0.00% on the day. The stock, however, is off 10.19% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.56%. Meanwhile, the Dow Jones Industrial Improved by 1.29%.

Data on historical trading for Energy Fuels Inc. (AMEX:UUUU) indicates that the trading volumes over the past 10 days have averaged 2.46 million and over the past 3 months, they’ve averaged 3.68 million. According to company’s latest data on outstanding shares, there are 156.26 million shares outstanding.

Nearly 1.56% of Energy Fuels Inc.’s shares belong to company insiders and institutional investors own 36.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.56 million shares as on Jul 14, 2022, resulting in a short ratio of 7.68. According to the data, the short interest in Energy Fuels Inc. (UUUU) stood at 15.59% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 24.8 million. The stock has fallen by -11.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UUUU stock heading into the next quarter.