Terrestrial Energy Inc. (NASDAQ:IMSR) Stock Has Consensus Price Target of $11.83

Terrestrial Energy Inc. (NASDAQ:IMSR) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.83.

IMSR has been the topic of several analyst reports. Lake Street Capital started coverage on Terrestrial Energy in a report on Wednesday, October 21st. They issued a “buy” rating and a $15.00 target price on the stock. Lucid Cap Mkts raised Terrestrial Energy to a “strong-buy” rating in a research note on Monday, October 26th. Weiss Ratings downgraded Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Wall Street Zen lowered Terrestrial Energy from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Roth Capital initiated coverage on shares of Terrestrial Energy in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price target on the stock.

Insiders Place Their Bets

In other news, CEO Simon Irish bought 16,900 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was acquired at an average cost of $3.01 per share, with a total value of $50,869.00. Following the completion of the acquisition, the chief executive officer owned 2,312,834 shares of the company’s stock, valued at approximately $6,961,630.34. This represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 28.60% of the company’s stock.

Institutional Investors Weigh In On Terrestrial Energy

A number of institutional investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC bought a new stake in shares of Terrestrial Energy during the second quarter valued at approximately $27,000. Cornerstone Advisory LLC purchased a new position in Terrestrial Energy in the 3rd quarter worth approximately $39,000. Alps Advisors Inc. purchased a new position in Terrestrial Energy in the 3rd quarter worth approximately $46,000. Valeo Financial Advisors LLC bought a new position in Terrestrial Energy in the 3rd quarter valued at approximately $58,000. Finally, StoneX Group Inc. bought a new position in Terrestrial Energy in the 3rd quarter valued at approximately $67,000.

Terrestrial Energy Stock Performance

IMSR stock opened at $2.72 on Wednesday. The firm has a 50 day moving average price of $3.77 and a 200-day moving average price of $6.06. Terrestrial Energy has a 52-week low of $2.44 and a 52-week high of $14.28. The firm has a market capitalization of $288.13 million, a price-to-earnings ratio of -14.32 and a beta of 2.59.

Terrestrial Energy (NASDAQ:IMSR) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.05. As a group, sell-side analysts forecast that Terrestrial Energy will post -0.40 earnings per share for the current fiscal year.

Terrestrial Energy announced that its board has authorized a share repurchase plan on Tuesday, October 27th that permits the company to repurchase $25 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Terrestrial Energy

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply. IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.