X-Energy (NASDAQ:XE) Sets New 12-Month Low – Here’s Why

X-Energy, Inc. (NASDAQ:XE) shares hit a new 52-week low during trading on Thursday. The company traded as low as $13.22 and last traded at $13.44, with a volume of 5003158 shares. The stock had previously closed at $14.39.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XE. UBS Group cut their target price on X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Texas Capital raised X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Piper Sandler initiated coverage on shares of X-Energy in a report on Tuesday, September 8th. They set an “underweight” rating and a $9.00 price objective on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. Finally, TD Cowen reissued a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, X-Energy currently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

X-Energy Stock Performance

The business’s 50-day moving average price is $17.45. The company has a market cap of $5.46 billion and a P/E ratio of -89.53.

X-Energy (NASDAQ:XE) last posted its quarterly 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 company had revenue of $54.60 million for the quarter. The firm’s quarterly revenue was up 154.0% compared to the same quarter last year. As a group, sell-side analysts forecast that X-Energy, Inc. will post -0.71 EPS for the current fiscal year.

Institutional Trading of X-Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Segra Capital Management LLC lifted its stake in shares of X-Energy by 8.3% during the 3rd quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock valued at $222,314,000 after buying an additional 1,202,283 shares in the last quarter. Two Seas Capital LP lifted its position in shares of X-Energy by 39.4% during the third quarter. Two Seas Capital LP now owns 1,394,413 shares of the company’s stock worth $19,773,000 after acquiring an additional 394,413 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of X-Energy in the second quarter worth $15,011,000. State Street Corp purchased a new position in shares of X-Energy in the second quarter valued at $8,522,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of X-Energy during the 2nd quarter valued at $7,436,000.

X-Energy Company Profile

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.