Analysts at Roth Capital have lowered their earnings per share estimates for Energy Fuels Inc. (NYSEAMERICAN:UUUU) for the fiscal year 2025. In a note to investors dated November 5, 2023, analyst J. Reagor projected that the company will report earnings of ($0.34) per share, a slight decrease from the previous estimate of ($0.33). Roth Capital has maintained a “Sell” rating on the stock, with a price target of $11.50.
The consensus estimate for Energy Fuels’ current full-year earnings stands at ($0.10) per share. Looking ahead, Roth Capital also provided projections for the company’s quarterly earnings in 2026, estimating ($0.03) EPS for each of the first three quarters, and ($0.03) EPS for the fourth quarter, culminating in an anticipated ($0.14) EPS for the full year.
Other analysts have also weighed in on Energy Fuels. B. Riley initiated coverage on July 23, 2023, setting a “buy” rating with a price target of $9.00. On the other hand, HC Wainwright has adjusted its price target for the stock to $26.75, while maintaining a “buy” recommendation. Overall, MarketBeat.com reports that Energy Fuels has an average rating of “Moderate Buy” and an average price target of $13.25.
Current Stock Performance and Financial Metrics
On November 3, 2023, shares of Energy Fuels opened at $15.65. The company has a market capitalization of $3.61 billion and a price-to-earnings ratio of -31.94. Over the last year, the stock has seen significant volatility, with a low of $3.20 and a high of $27.33.
In its most recent earnings report released on August 6, 2023, Energy Fuels reported ($0.10) EPS for the quarter, falling short of analysts’ consensus estimates of ($0.04) by ($0.06). The company generated revenue of $4.21 million during the quarter, reflecting a year-over-year increase of 51.7%. Despite this growth in revenue, Energy Fuels reported a negative net margin of 143.05% and a negative return on equity of 17.41%.
Insider Trading Activity
In addition to analysts’ reports, recent insider trading activity has raised some eyebrows. On August 28, 2023, VP Scott Bakken sold 4,629 shares of stock at an average price of $12.00, amounting to a total value of $55,548. Following this transaction, Bakken retained 108,817 shares, valued at approximately $1.31 million. This sale represented a 4.08% decrease in his ownership stake.
Similarly, Director J. Birks Bovaird sold 10,000 shares on September 19, 2023, at an average price of $14.85, for a total of $148,500. Following this transaction, Bovaird holds 195,617 shares, valued at about $2.90 million, marking a 4.86% decrease in ownership. In total, insiders have sold 368,724 shares worth $4.17 million over the past 90 days, and corporate insiders currently own 1.77% of the company.
Institutional Ownership Trends
Institutional trading has also influenced Energy Fuels’ stock trajectory. Several hedge funds and institutional investors have adjusted their positions in the company recently. For instance, Wealth Enhancement Advisory Services LLC expanded its holdings by 48.9% in the first quarter, now owning 27,319 shares valued at $102,000.
Other notable transactions include Cambridge Investment Research Advisors Inc., which boosted its position by 16.2% and now owns 99,620 shares valued at $372,000. Meanwhile, D.A. Davidson & Co. increased its holdings by 120.4%, owning 49,097 shares worth $183,000.
Overall, institutional investors control 48.24% of Energy Fuels’ stock, suggesting a robust interest in the company despite current challenges in the market.
Energy Fuels Inc., along with its subsidiaries, focuses on the extraction, recovery, recycling, exploration, and sale of uranium mineral properties within the United States. The company also produces and markets vanadium pentoxide, rare earth elements, and various heavy mineral sands.
