X-Energy (NASDAQ:XE) Trading Down 9.6% – Time to Sell?

X-Energy, Inc. (NASDAQ:XE) fell 9.6% during mid-day trading on Thursday . The stock traded as low as $23.67 and last traded at $23.76. 2,306,915 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 5,968,151 shares. The stock had previously closed at $26.27.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XE. Jefferies Financial Group began coverage on X-Energy in a report on Tuesday, May 19th. They issued a “hold” rating and a $28.00 price target for the company. Guggenheim assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price target for the company. Cantor Fitzgerald assumed coverage on X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target for the company. Wall Street Zen raised X-Energy to a “hold” rating in a report on Saturday, May 2nd. Finally, TD Cowen assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $35.00 price target for the company. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Stock Down 8.6%

Insider Buying and Selling

In other X-Energy news, CAO Laura Garcia purchased 1,200 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were bought at an average price of $23.00 per share, with a total value of $27,600.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen W. Hyle purchased 10,000 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the acquisition, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. The trade was a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 12,300 shares of company stock worth $282,900.

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.