X-Energy (NASDAQ:XE) Reaches New 1-Year Low – What’s Next?

X-Energy, Inc. (NASDAQ:XE – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $13.22 and last traded at $13.44, with a volume of 5003158 shares trading hands. The stock had previously closed at $14.39.

Analysts Set New Price Targets

Several brokerages recently commented on XE. UBS Group reduced their target price on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price target on shares of X-Energy in a research report on Friday, August 14th. Wall Street Zen downgraded X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Texas Capital raised X-Energy to a “strong-buy” rating in a research note on Monday, September 14th. Finally, Guggenheim reiterated a “buy” rating and set a $57.00 price objective on shares of X-Energy in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.25.

Read Our Latest Research Report on XE

X-Energy Trading Down 6.7%

The firm has a 50 day simple moving average of $17.45. The company has a market capitalization of $5.46 billion and a PE ratio of -89.53.

X-Energy (NASDAQ:XE – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The company’s revenue for the quarter was up 154.0% on a year-over-year basis. As a group, sell-side analysts forecast that X-Energy, Inc. will post -0.71 earnings per share for the current year.

Hedge Funds Weigh In On X-Energy

Several institutional investors have recently made changes to their positions in XE. Two Seas Capital LP increased its position in X-Energy by 39.4% in the 3rd quarter. Two Seas Capital LP now owns 1,394,413 shares of the company’s stock valued at $19,773,000 after buying an additional 394,413 shares in the last quarter. Segra Capital Management LLC lifted its holdings in shares of X-Energy by 8.3% in the 3rd quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock worth $222,314,000 after purchasing an additional 1,202,283 shares in the last quarter. Eastern Bank acquired a new stake in X-Energy in the 3rd quarter valued at $28,000. State Street Corp bought a new stake in X-Energy during the 2nd quarter valued at $8,522,000. Finally, Silicon Valley Capital Partners bought a new position in shares of X-Energy in the second quarter valued at $103,000.

X-Energy Company Profile

(Get Free Report)

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.

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