X-Energy (NASDAQ:XE) Trading Down 8.7% – What’s Next?

X-Energy, Inc. (NASDAQ:XE) fell 8.7% on Wednesday . The stock traded as low as $19.15 and last traded at $19.26. Approximately 1,132,166 shares traded hands during trading, a decline of 81% from the average session volume of 5,871,801 shares. The stock had previously closed at $21.09.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wolfe Research initiated coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Wall Street Zen cut X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Guggenheim started coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $57.00 price target for the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of X-Energy in a research report on Wednesday. Finally, Zacks Research upgraded shares of X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, X-Energy has an average rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Price Performance

The stock’s 50-day simple moving average is $26.50.

Insider Activity

In other 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 bought at an average cost of $23.00 per share, with a total value of $230,000.00. Following the acquisition, the director owned 127,640 shares of the company’s stock, valued at $2,935,720. The trade was a 8.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Laura Garcia bought 1,200 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the purchase, the chief accounting officer owned 196,822 shares in the company, valued at $4,526,906. This trade represents a 0.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 12,300 shares of company stock worth $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.