The stock of Energy Fuels Inc. (NYSE:UUUU) is now priced at $1.85 and the shares are -0.1 points down or -5.13% lower compared to its previous closing price of $1.95. The stock had 1.555 million contracts set over the past session. UUUU shares’ daily volume is compared to its average trading volume at 1.51 million shares. However, it has a float of 0 million and although its performance was 1.65% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the UUUU share price recently placing at $1.85 to $1.97. However, some brokerage firms have priced the stock below the average, including one that has called $2.62.
The shorts are running away from the Energy Fuels Inc. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the UUUU shares have declined. Short interest in the stock represents just 0% of its float, but the volume has dropped by 0.
In the last trading session, Energy Fuels Inc. (NYSE:UUUU) raised by $0.03 over the week and gained $0.39 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $2.35. The stock recorded its established 52-week high on 04/23/20.
Since 03/12/20, the stock has traded to a low of $0.78 at 137.18%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Energy Fuels Inc.’s two-week RSI is 62.67. This suggests that the stock is neutral at the moment and that UUUU shares’ price movement remains stable. The stochastic readings are equally revealing at 82.8% meaning the UUUU share price is currently in oversold territory.
The technical chart shows that the UUUU stock will likely settle at between $1.93 and $2.01 per share. However, if the stock dips below $1.81, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.77.
Currently, the stock is trading in the green of MACD, with a reading of 0.0756. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Noble Capital Markets cut their recommendation for UUUU from Outperform to Market Perform in May 13 review. Rodman & Renshaw analysts see the stock as a Buy, but they also dropped the share’s target price from $6.30 to $5 in a flash note released to investors on September 22. ROTH Capital analysts see the stock as Buy. Nonetheless, the analysts revised the share prices down on October 01, placing it at $6.25 from $7.
The average rating for the UUUU equity is 2.5 and is currently gathering a bullish momentum. Of 2 analysts tracking Energy Fuels Inc. polled by Reuters, 1 rated UUUU as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Energy Fuels Inc. (NYSE:UUUU) will increase by about 60.8%, which will see them reach $850 million. The company’s full-year revenues are, however, expected to increase by about 50.43%, up from $5.87 million to $8.83 million. UUUU’s expected adjusted earnings should surge almost 0% to end up at -$0.05 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -36% to record -$0.16/share.