New Era Energy & Digital (NASDAQ:NUAI – Get Free Report) had its price objective reduced by B. Riley Financial from $13.00 to $10.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s price objective indicates a potential upside of 275.23% from the stock’s current price.
NUAI has been the topic of several other reports. New Street Research set a $10.00 price objective on shares of New Era Energy & Digital in a report on Tuesday, July 7th. Roth Capital initiated coverage on shares of New Era Energy & Digital in a research note on Wednesday, October 7th. They issued a “buy” rating and a $10.00 price target on the stock. Weiss Ratings upgraded shares of New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Northland Securities set a $12.00 target price on shares of New Era Energy & Digital in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.50.
Check Out Our Latest Analysis on New Era Energy & Digital
New Era Energy & Digital Trading Down 6.8%
Shares of NASDAQ:NUAI opened at $2.67 on Friday. The business’s 50 day moving average price is $5.10 and its 200-day moving average price is $5.02. New Era Energy & Digital has a 1 year low of $2.01 and a 1 year high of $9.44. The firm has a market capitalization of $283.98 million, a price-to-earnings ratio of -2.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.21 and a quick ratio of 14.21.
New Era Energy & Digital (NASDAQ:NUAI – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The business had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. On average, equities research analysts forecast that New Era Energy & Digital will post -0.58 earnings per share for the current fiscal year.
Insider Buying and Selling at New Era Energy & Digital
In related news, major shareholder Kent C. Mccarthy sold 4,090,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $3.61, for a total value of $14,764,900.00. Following the sale, the insider owned 5,460,000 shares in the company, valued at $19,710,600. This represents a 42.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.07% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On New Era Energy & Digital
Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of New Era Energy & Digital in the 2nd quarter worth about $36,000. Legal & General Group Plc purchased a new stake in New Era Energy & Digital during the second quarter worth approximately $50,000. State of Wyoming acquired a new position in shares of New Era Energy & Digital during the second quarter worth about $51,000. Integrated Wealth Concepts LLC purchased a new stake in shares of New Era Energy & Digital during the second quarter valued at approximately $64,000. Finally, Cetera Investment Advisers acquired a new position in shares of New Era Energy & Digital in the first quarter worth about $70,000. 21.90% of the stock is owned by institutional investors and hedge funds.
New Era Energy & Digital Company Profile
New Era Energy & Digital, Inc is an energy and digital infrastructure company focused on developing projects that combine energy resources with data-center and high-performance computing applications. Its activities are centered on supporting digital infrastructure, including facilities designed for artificial intelligence, data processing and related computing services.
The company was previously known as New Era Helium, Inc and historically pursued helium exploration and development opportunities.
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