X-Energy (NASDAQ:XE) Sets New 52-Week Low – Should You Sell?

X-Energy, Inc. (NASDAQ:XEGet Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $26.86 and last traded at $26.90, with a volume of 374425 shares changing hands. The stock had previously closed at $27.30.

Analysts Set New Price Targets

A number of research firms recently commented on XE. TD Cowen began coverage on X-Energy in a research note on Tuesday. They set a “buy” rating and a $35.00 price objective on the stock. Wolfe Research began coverage on X-Energy in a research note on Tuesday. They set a “peer perform” rating on the stock. Cantor Fitzgerald began coverage on X-Energy in a research note on Tuesday. They set an “overweight” rating and a $38.00 price objective on the stock. UBS Group began coverage on X-Energy in a research note on Tuesday. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on X-Energy in a research note on Tuesday. They set an “overweight” rating and a $41.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.57.

Check Out Our Latest Analysis on XE

X-Energy Price Performance

Insider Transactions at X-Energy

In other news, CAO Laura Garcia acquired 1,200 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were bought at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the acquisition, the chief accounting officer directly owned 196,822 shares in the company, valued at $4,526,906. This trade represents a 0.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen W. Hyle acquired 10,000 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the director owned 127,640 shares in the company, valued at approximately $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 12,300 shares of company stock worth $282,900.

About X-Energy

(Get Free Report)

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.

Further Reading

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