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Energy Fuels (UUUU) Gains As Market Dips: What You Should Know

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Energy Fuels (UUUU - Free Report) closed the most recent trading day at $8.84, moving +0.11% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.

Prior to today's trading, shares of the uranium and vanadium miner and developer had gained 36.26% over the past month. This has outpaced the Basic Materials sector's gain of 8% and the S&P 500's loss of 4.24% in that time.

Energy Fuels will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.03, up 25% from the prior-year quarter.

Investors might also notice recent changes to analyst estimates for Energy Fuels. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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. Within the past 30 days, our consensus EPS projection remained stagnant. Energy Fuels is currently a Zacks Rank #3 (Hold).

The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 242, putting it in the bottom 5% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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