Stock Traders Buy High Volume of Call Options on Energy Fuels (NYSE:UUUU)

Energy Fuels Inc. (NYSE:UUUU) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 16,855 call options on the company. This is an increase of 574% compared to the average daily volume of 2,502 call options.

Energy Fuels Price Performance

UUUU stock opened at $6.57 on Thursday. The stock has a market capitalization of $1.06 billion, a PE ratio of -93.86 and a beta of 1.61. The company has a 50 day moving average price of $5.02 and a 200 day moving average price of $5.71. Energy Fuels has a fifty-two week low of $4.19 and a fifty-two week high of $8.68.

Energy Fuels (NYSE:UUUU) last released its earnings results on Friday, August 2nd. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $8.72 million during the quarter, compared to the consensus estimate of $3.85 million. Energy Fuels had a negative return on equity of 6.56% and a negative net margin of 27.23%. As a group, equities analysts expect that Energy Fuels will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright upped their price target on shares of Energy Fuels from $10.50 to $10.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Energy Fuels currently has a consensus rating of “Hold” and a consensus target price of $8.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. raised its stake in shares of Energy Fuels by 12.4% during the third quarter. Vontobel Holding Ltd. now owns 33,999 shares of the company’s stock worth $187,000 after buying an additional 3,752 shares during the last quarter. Creative Planning bought a new stake in shares of Energy Fuels during the 3rd quarter valued at $57,000. SG Americas Securities LLC raised its position in shares of Energy Fuels by 440.9% during the 3rd quarter. SG Americas Securities LLC now owns 187,456 shares of the company’s stock valued at $1,029,000 after acquiring an additional 152,799 shares during the last quarter. Lloyd Harbor Capital Management LLC acquired a new position in shares of Energy Fuels in the 2nd quarter valued at $2,787,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Energy Fuels by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 271,477 shares of the company’s stock worth $1,643,000 after purchasing an additional 4,843 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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.