Energy Fuels (TSE:EFR) Stock Passes Above 50 Day Moving Average – What’s Next?

Energy Fuels Inc. (TSE:EFR) (NASDAQ:UUUU)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$27.97 and traded as high as C$31.20. Energy Fuels shares last traded at C$29.13, with a volume of 1,557,303 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EFR shares. Roth Mkm upgraded Energy Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group upgraded Energy Fuels to a “strong-buy” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Energy Fuels Trading Down 6.7%

The company has a debt-to-equity ratio of 0.31, a current ratio of 18.01 and a quick ratio of 19.23. The company has a market cap of C$7.02 billion, a price-to-earnings ratio of -60.69 and a beta of 1.85. The business’s fifty day moving average price is C$27.97 and its 200 day moving average price is C$23.72.

Energy Fuels (TSE:EFR) (NASDAQ:UUUU) last announced its earnings results on Thursday, February 26th. The company reported C($0.12) earnings per share (EPS) for the quarter. The company had revenue of C$36.43 million for the quarter. Energy Fuels had a negative return on equity of 9.25% and a negative net margin of 90.40%. Research analysts anticipate that Energy Fuels Inc. will post 0.19 earnings per share for the current fiscal year.

Energy Fuels Company Profile

Energy Fuels is a leading U.S. -based critical materials company, focused on uranium, rare earth elements (REEs), heavy mineral sands, vanadium and medical isotopes. Energy Fuels, which owns and operates several conventional and in-situ recovery uranium projects in the western United States, has been the leading U.S. producer of natural uranium concentrate for the past several years, which is sold to nuclear utilities for the production of carbon-free nuclear energy. Energy Fuels also owns the White Mesa Mill in Utah, which is the only fully licensed and operating conventional uranium processing facility in the United States.