Terrestrial Energy Inc. (NASDAQ:IMSR – Get Free Report) Director Charles Pardee purchased 7,500 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was acquired at an average price of $2.95 per share, with a total value of $22,125.00. Following the completion of the purchase, the director directly owned 14,258 shares in the company, valued at $42,061.10. This trade represents a 110.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Terrestrial Energy Stock Performance
IMSR traded down $0.17 during trading on Friday, reaching $3.05. 1,231,395 shares of the company traded hands, compared to its average volume of 1,685,676. Terrestrial Energy Inc. has a 12-month low of $2.79 and a 12-month high of $27.16. The firm has a fifty day simple moving average of $4.63 and a 200 day simple moving average of $6.03. The company has a market cap of $323.09 million, a P/E ratio of -16.05 and a beta of 2.52.
Terrestrial Energy (NASDAQ:IMSR – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. As a group, sell-side analysts expect that Terrestrial Energy Inc. will post -0.50 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on IMSR. Roth Capital began coverage on shares of Terrestrial Energy in a research note on Tuesday, September 22nd. They set a “buy” rating and a $15.00 target price for the company. Wall Street Zen upgraded shares of Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings cut shares of Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Three 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.com, the company has a consensus rating of “Hold” and an average target price of $14.00.
Check Out Our Latest Research Report on Terrestrial Energy
Hedge Funds Weigh In On Terrestrial Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd grew its holdings in Terrestrial Energy by 1.6% during the 2nd quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock valued at $3,568,000 after buying an additional 7,700 shares in the last quarter. Renaissance Technologies LLC increased its stake in Terrestrial Energy by 136.1% in the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock worth $2,449,000 after acquiring an additional 235,100 shares during the last quarter. FNY Investment Advisers LLC increased its stake in Terrestrial Energy by 129.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after acquiring an additional 85,490 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Terrestrial Energy by 96.0% during the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after acquiring an additional 65,021 shares in the last quarter. Finally, Yorkville Advisors Global LP purchased a new stake in shares of Terrestrial Energy during the 1st quarter worth approximately $733,000.
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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