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Energy Fuels (UUUU) Flat As Market Sinks: What You Should Know

Energy Fuels (UUUU) closed at $6.24 in the latest trading session, marking no change from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.95%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 0.84%.

Coming into today, shares of the uranium and vanadium miner and developer had gained 1.63% in the past month. In that same time, the Basic Materials sector gained 4.98%, while the S&P 500 gained 1.78%.

Analysts and investors alike will be keeping a close eye on the performance of Energy Fuels in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.01, signifying a 200% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $25.5 million, up 30.04% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of -$0.19 per share and a revenue of $30.07 million, demonstrating changes of -58.33% and -20.73%, respectively, from the preceding year.

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Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Energy Fuels. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Energy Fuels is carrying a Zacks Rank of #2 (Buy).

The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% echelons of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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Energy Fuels Inc (UUUU) : Free Stock Analysis Report

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