X-Energy (NASDAQ:XE) Trading Up 9.1% – Should You Buy?

Shares of X-Energy, Inc. (NASDAQ:XE) rose 9.1% during trading on Tuesday . The stock traded as high as $19.89 and last traded at $19.75. Approximately 3,731,250 shares were traded during trading, a decline of 33% from the average daily volume of 5,601,475 shares. The stock had previously closed at $18.11.

Analysts Set New Price Targets

Several research analysts recently weighed in on XE shares. Guggenheim initiated coverage on X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 target price on the stock. Weiss Ratings began coverage on shares of X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating for the company. Wall Street Zen cut shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, Zacks Research upgraded shares of X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Stock Performance

The firm’s 50 day moving average price is $18.07. The company has a market cap of $7.42 billion and a price-to-earnings ratio of -121.73.

X-Energy (NASDAQ:XE) last released its earnings results on Thursday, August 13th. The company reported ($0.15) EPS 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 quarterly revenue was up 154.0% compared to the same quarter last year. Equities research analysts forecast that X-Energy, Inc. will post -0.76 earnings per share for the current year.

Institutional Investors Weigh In On X-Energy

A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP acquired a new position in X-Energy in the second quarter valued at approximately $15,011,000. Readystate Asset Management LP bought a new stake in X-Energy in the second quarter valued at $2,943,000. Bank of New York Mellon Corp bought a new position in shares of X-Energy during the second quarter worth about $1,251,000. Public Employees Retirement System of Ohio bought a new stake in X-Energy in the 2nd quarter valued at about $221,000. Finally, California State Teachers Retirement System bought a new position in X-Energy in the 2nd quarter worth about $201,000.

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.