X-Energy, Inc. (NASDAQ:XE – Get Free Report)’s share price rose 6.5% during trading on Friday . The stock traded as high as $14.78 and last traded at $14.73. 3,351,913 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 5,644,750 shares. The stock had previously closed at $13.83.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a report on Tuesday, June 23rd. Jefferies Financial Group reissued a “hold” rating and set a $22.00 price target on shares of X-Energy in a report on Wednesday, June 24th. Zacks Research upgraded shares of X-Energy to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective for the company. Finally, UBS Group decreased their price objective on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.86.
Read Our Latest Stock Report on X-Energy
X-Energy Stock Up 1.4%
Insider Buying and Selling
In related news, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director owned 127,640 shares of the company’s stock, valued at $2,935,720. The trade was a 8.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average cost of $23.00 per share, with a total value of $27,600.00. Following the acquisition, the chief accounting officer owned 196,822 shares in the company, valued at $4,526,906. This represents a 0.61% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 12,300 shares of company stock worth $282,900 in the last quarter.
X-Energy Company Profile
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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