X-Energy (NASDAQ:XE) Hits New 1-Year Low – Here’s What Happened

Shares of X-Energy, Inc. (NASDAQ:XE) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $16.31 and last traded at $16.31, with a volume of 101394 shares changing hands. The stock had previously closed at $16.54.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XE. Morgan Stanley began coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Wall Street Zen downgraded X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Zacks Research raised X-Energy to a “hold” rating in a report on Wednesday, May 20th. Cantor Fitzgerald started coverage on X-Energy in a research report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Trading Down 2.1%

The firm’s 50-day moving average is $24.05.

Insider Buying and Selling at X-Energy

In related news, Director Kathleen W. Hyle acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the purchase, the director directly owned 127,640 shares in the company, valued at approximately $2,935,720. The trade was a 8.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Laura Garcia acquired 1,200 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 disclosure for this purchase is available in the SEC filing. Insiders have acquired 12,300 shares of company stock valued at $282,900 in the last three months.

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.