Why Buying The Energy Fuels Inc (AMEX: UUUU) Stock Today Might Make Sense

Energy Fuels Inc (AMEX:UUUU) traded at $5.18 at close of the session on Tuesday, April 30, made a downward move of -5.99% on its previous day’s price.

Looking at the stock we see that its previous close was $5.51 . The company has a trailing 12-month PE ratio of 8.23. In terms of its 52-week price range, UUUU has a high of $9.02 and a low of $5.18. The company’s stock has lost about -20.67% over that past 30 days.

Energy Fuels Inc has a market cap of $847.71 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.02, with the EPS growth for the year raised at -$0.01 for 2024 and $0.75 for next year. These figures represent -101.60% and 7,600.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $26.25 million, with a low of $25.5 million and a high of $27 million. The median projection represents growth squeezing down to 33.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $53.58 million, or 41.30% up from figures reported last year.

On the other hand, looking at the outlook for the UUUU stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -13.32% off its SMA20 and -15.26% from its 50-day simple moving average. The RSI (14) is pointing at 32.53 while the volatility over the past week is 4.65% and jumps to 4.83% over the past one month. The beta value is 1.58, while the average true range (ATR) is currently pointing at 0.28.

Coming back to Energy Fuels Inc (AMEX:UUUU), we note that the average 3-month trading volume was 2.98 million. Current shares outstanding are 162.66 million.

The insiders hold 2.46% of the company’s shares while institutions hold 50.24%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -27.96% down in year-to-date price movement.

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