Looking For A Top Momentum Pick? Why Energy Fuels Inc (AMEX: UUUU) Is A Great Choice

Energy Fuels Inc (AMEX:UUUU) price on Thursday, May 09, rose 4.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.10.

A look at the stock’s price movement, the level at last check in today’s session was $5.82. Turning to its 52-week performance, $9.02 and $5.16 were the 52-week high and 52-week low respectively. Overall, UUUU moved -2.24% over the past month.

Energy Fuels Inc’s market cap currently stands at around $998.26 million.

Analysts have a consensus estimate of 3.85M for the company’s revenue for the quarter, with a low and high estimate of 900k and 6.8M respectively. The average forecast suggests down to a -43.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 58.76M, representing a 54.90% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that UUUU is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

UUUU’s current price about 7.74% and 1.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.09, while 7-day volatility ratio is 4.20% and 4.82% in the 30-day chart. Further, Energy Fuels Inc (UUUU) has a beta value of 1.60, and an average true range (ATR) of 0.28.

If we refocus on Energy Fuels Inc (AMEX:UUUU), historical trading data shows that trading volumes averaged 3.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 162.66 million shares.

The 2.46% of Energy Fuels Inc’s shares are in the hands of company insiders while institutional holders own 48.51% of the company’s shares. Current price change has pushed the stock -15.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UUUU stock continues to rise going into the next quarter.

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