X-Energy (NASDAQ:XE) Hits New 52-Week Low – Here’s Why

X-Energy, Inc. (NASDAQ:XE)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as $10.04 and last traded at $10.18, with a volume of 551,313 shares. The stock had previously closed at $10.54.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 price target on shares of X-Energy in a research report on Friday, August 14th. Piper Sandler lowered their price objective on X-Energy from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday. Morgan Stanley dropped their price objective on shares of X-Energy from $41.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 14th. Weiss Ratings initiated coverage on shares of X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating on the stock. Finally, UBS Group cut their target price on shares of X-Energy from $34.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

X-Energy Trading Up 1.4%

The firm has a 50 day moving average price of $15.96.

X-Energy (NASDAQ:XE) last posted 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 firm had revenue of $54.60 million during the quarter. The business’s revenue for the quarter was up 154.0% on a year-over-year basis. Analysts anticipate that X-Energy, Inc. will post -0.76 EPS for the current year.

Institutional Trading of X-Energy

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

About X-Energy

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.