What just happened? Energy Fuels Inc. (NYSE:UUUU) stock value has climbed by nearly 4.28% or (0.12 points) to $2.81 from its previous close of $2.69. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 185684 contracts so far this session. UUUU shares had a relatively better volume day versus average trading capacity of 996.7 thousand shares, but with a 87.81 million float and a -3.93% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for UUUU stock indicates that the average analyst price target is $4.13 per share. This means the stock has a potential increase of 46.98% from where the UUUU share price has been trading recently which is between $2.55 and $2.72. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $3.75.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Energy Fuels Announces Q1-2019 Results” and dated May 08, 2019.
During the recent trading session for Energy Fuels Inc. (NYSE:UUUU), the company witnessed their stock rise $0.03 over a week and tumble down $-0.33 from the price 20 days ago. When compared to their established 52-week high of $4.09, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/11/18. The recent low of $1.82 stood for a -31.42% since 05/31/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Energy Fuels Inc., the two-week RSI stands at 41.49. This figure suggests that UUUU stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current UUUU readings is similarly very revealing as it has a stochastic reading of 28.06% at this stage. This figure means that UUUU share price today is being overbought.
Technical chart claims that Energy Fuels Inc. (UUUU) would settle between $2.76/share to $2.82/share level. However, if the stock price goes below the $2.59 mark, then the market for Energy Fuels Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $2.48 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.07. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Noble Capital Markets lowered their recommendation on shares of UUUU from Outperform to Market Perform in their opinion released on May 13. Rodman & Renshaw analysts again handed out a Buy recommendation to Energy Fuels Inc. (NYSE:UUUU) stock but they lifted target price for the shares in a flash note issued to investors on September 22. The target price has been raised from $6.30 to $5. Analysts at ROTH Capital are sticking to their Buy stance. However, on October 01, they lifted price target for these shares to $6.25 from $7.
UUUU equity has an average rating of 1.75, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 4 analysts rated Energy Fuels Inc. (NYSE:UUUU) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, UUUU stock price is currently trading at 67.25X forward 12-month Consensus EPS estimates, and its P/S ratio is 2.09 while for the average stock in the same group, the multiple is 22.87.
Energy Fuels Inc. (UUUU)’s current-quarter revenues are projected to climb by nearly -50.5% to hit $13.35 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 43.07% from $31.72 million to a noteworthy $45.38 million. At the other end of the current quarter income statement, Energy Fuels Inc. is expected to see its adjusted earnings surge by roughly -112.5% to hit $-0.01 per share. For the fiscal year, UUUU’s earnings are projected to climb by roughly 63.33% to hit $-0.11 per share.