Wall Street Zen lowered shares of Terrestrial Energy (NASDAQ:IMSR – Free Report) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
IMSR has been the topic of several other reports. Lake Street Capital began coverage on shares of Terrestrial Energy in a report on Wednesday. They set a “buy” rating and a $15.00 price target on the stock. Weiss Ratings lowered shares of Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Finally, Roth Capital began coverage on shares of Terrestrial Energy in a research report on Tuesday, September 22nd. They set a “buy” rating and a $15.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Terrestrial Energy has an average rating of “Moderate Buy” and a consensus price target of $14.25.
Check Out Our Latest Research Report on IMSR
Terrestrial Energy Trading Down 2.1%
Shares of Terrestrial Energy stock opened at $2.80 on Friday. The stock has a fifty day simple moving average of $4.34 and a 200 day simple moving average of $5.92. Terrestrial Energy has a 12-month low of $2.73 and a 12-month high of $21.60. The company has a market capitalization of $296.62 million, a P/E ratio of -14.74 and a beta of 2.52.
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, beating the consensus estimate of ($0.10) by $0.01. On average, analysts predict that Terrestrial Energy will post -0.50 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Simon Irish purchased 16,900 shares of Terrestrial Energy stock in a transaction that occurred on Tuesday, October 13th. The stock was bought at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the completion of the transaction, the chief executive officer owned 2,312,834 shares in the company, valued at $6,961,630.34. This represents a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 28.60% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC purchased a new stake in shares of Terrestrial Energy during the 3rd quarter worth approximately $58,000. SkyView Investment Advisors LLC bought a new position in Terrestrial Energy during the second quarter valued at $27,000. WINTON GROUP Ltd grew its holdings in Terrestrial Energy by 1.6% during the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock valued at $3,568,000 after purchasing an additional 7,700 shares during the period. Engineers Gate Manager LP purchased a new stake in Terrestrial Energy in the second quarter worth $583,000. Finally, Bank of New York Mellon Corp purchased a new stake in Terrestrial Energy in the second quarter worth $120,000.
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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