Shares of X-Energy, Inc. (NASDAQ:XE – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $16.31 and last traded at $16.31, with a volume of 101394 shares trading hands. The stock had previously closed at $16.54.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on XE. Wall Street Zen lowered X-Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Guggenheim assumed coverage on X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective on the stock. UBS Group reduced their price objective on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 target price for the company. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $22.00 price objective on shares of X-Energy in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, X-Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.
X-Energy Price Performance
Insider Transactions at X-Energy
In other news, CAO Laura Garcia acquired 1,200 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the purchase, the chief accounting officer owned 196,822 shares in the company, valued at approximately $4,526,906. This represents a 0.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathleen W. Hyle bought 10,000 shares of X-Energy stock in a transaction dated Monday, April 27th. The stock was acquired at an average cost of $23.00 per share, with a total value of $230,000.00. Following the completion of the acquisition, the director owned 127,640 shares of the company’s stock, valued at $2,935,720. This represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 12,300 shares of company stock valued at $282,900 over the last ninety days.
About X-Energy
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.
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