Energy Fuels (UUUU) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Energy Fuels (UUUU) closed at $5.96, marking a -1.32% move from the previous day. This change lagged the S&P 500's 0.03% gain on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, lost 1.37%.
Prior to today's trading, shares of the uranium and vanadium miner and developer had lost 2.42% over the past month. This has lagged the Basic Materials sector's gain of 4.07% and the S&P 500's gain of 3.43% in that time.
Energy Fuels will be looking to display strength as it nears its next earnings release. On that day, Energy Fuels is projected to report earnings of -$0.05 per share, which would represent year-over-year growth of 54.55%. Meanwhile, our latest consensus estimate is calling for revenue of $1 million, down 84.54% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.59 per share and revenue of $43.25 million, which would represent changes of +255.26% and +245.59%, respectively, from the prior year.
Any recent changes to analyst estimates for Energy Fuels should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.72% higher. Energy Fuels currently has a Zacks Rank of #2 (Buy).
Investors should also note Energy Fuels's current valuation metrics, including its Forward P/E ratio of 10.24. Its industry sports an average Forward P/E of 18.57, so we one might conclude that Energy Fuels is trading at a discount comparatively.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Energy Fuels Inc (UUUU) : Free Stock Analysis Report
