Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report) CEO Simon Irish purchased 16,900 shares of the company’s stock in a transaction dated Tuesday, October 13th. The stock was acquired at an average price of $3.01 per share, with a total value of $50,869.00. Following the completion of the transaction, the chief executive officer owned 2,312,834 shares of the company’s stock, valued at $6,961,630.34. This represents a 0.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Terrestrial Energy Stock Down 4.7%
Shares of IMSR stock traded down $0.14 on Wednesday, reaching $2.96. The company had a trading volume of 579,019 shares, compared to its average volume of 2,402,034. The business’s 50-day moving average is $4.78 and its 200 day moving average is $6.10. The stock has a market capitalization of $314.08 million, a PE ratio of -15.71 and a beta of 2.52. Terrestrial Energy Inc. has a one year low of $2.79 and a one year high of $31.50.
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. On average, sell-side analysts forecast that Terrestrial Energy Inc. will post -0.50 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Terrestrial Energy
Wall Street Analyst Weigh In
Several brokerages recently issued reports on IMSR. Wall Street Zen upgraded Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings downgraded Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Finally, Roth Capital assumed coverage on shares of Terrestrial Energy in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.00.
View Our Latest Analysis on IMSR
Terrestrial Energy Company Profile
Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.
IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.
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