X-Energy, Inc. (NASDAQ:XE – Get Free Report) traded down 8.2% during trading on Thursday . The company traded as low as $18.14 and last traded at $18.22. 1,849,732 shares traded hands during trading, a decline of 67% from the average daily volume of 5,624,546 shares. The stock had previously closed at $19.85.
Analyst Ratings Changes
Several equities analysts recently issued reports on XE shares. Jefferies Financial Group reissued a “hold” rating and set a $22.00 price objective on shares of X-Energy in a research note on Wednesday, June 24th. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Wall Street Zen downgraded X-Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price target on shares of X-Energy in a research note on Friday, August 14th. Finally, Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.86.
View Our Latest Stock Report on X-Energy
X-Energy Price Performance
X-Energy (NASDAQ:XE – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million for the quarter. The business’s revenue for the quarter was up 154.0% compared to the same quarter last year. As a group, sell-side analysts forecast that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XE. Formula Growth Ltd. acquired a new stake in X-Energy during the second quarter worth about $174,000. AXQ Capital LP purchased a new position in shares of X-Energy in the 2nd quarter worth about $188,000. Public Employees Retirement System of Ohio acquired a new position in shares of X-Energy in the 2nd quarter valued at about $221,000. Bank of New York Mellon Corp acquired a new position in shares of X-Energy in the 2nd quarter valued at about $1,251,000. Finally, Wellington Management Group LLP purchased a new stake in shares of X-Energy during the 2nd quarter worth about $15,011,000.
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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