X-Energy (NASDAQ:XE) Sets New 1-Year Low – Here’s Why

Shares of X-Energy, Inc. (NASDAQ:XE) hit a new 52-week low during trading on Thursday . The stock traded as low as $17.22 and last traded at $17.27, with a volume of 5089016 shares traded. The stock had previously closed at $18.56.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XE. Cantor Fitzgerald initiated coverage on shares of X-Energy in a research note on Wednesday, May 20th. They set an “overweight” rating and a $38.00 price target for the company. Wolfe Research initiated coverage on X-Energy in a report on Tuesday, May 19th. They set a “peer perform” rating for the company. UBS Group decreased their target price on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group restated a “hold” rating and issued a $22.00 target price on shares of X-Energy in a research note on Wednesday, June 24th. Finally, Morgan Stanley began coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Stock Performance

The stock’s 50 day moving average is $25.17.

Insider Transactions at X-Energy

In other X-Energy news, Director Kathleen W. Hyle bought 10,000 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the director directly owned 127,640 shares in the company, valued at $2,935,720. This represents a 8.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Laura Garcia purchased 1,200 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average price of $23.00 per share, with a total value of $27,600.00. Following the transaction, the chief accounting officer owned 196,822 shares in the company, valued at approximately $4,526,906. The trade was a 0.61% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 12,300 shares of company stock valued at $282,900 in 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.