Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Shares Down 8.2% – What’s Next?

Terra Innovatum Global S.R.L. (NASDAQ:NKLR)’s share price was down 8.2% on Thursday . The stock traded as low as $3.89 and last traded at $3.91. Approximately 586,215 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 722,643 shares. The stock had previously closed at $4.26.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HC Wainwright started coverage on shares of Terra Innovatum Global S.R.L. in a report on Tuesday, December 30th. They set a “buy” rating and a $25.00 price target on the stock. Wall Street Zen downgraded Terra Innovatum Global S.R.L. to a “strong sell” rating in a research note on Sunday, December 28th. Finally, Weiss Ratings began coverage on Terra Innovatum Global S.R.L. in a research note on Friday, December 26th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Terra Innovatum Global S.R.L. has a consensus rating of “Hold” and a consensus target price of $25.00.

Terra Innovatum Global S.R.L. Stock Up 13.8%

Institutional Investors Weigh In On Terra Innovatum Global S.R.L.

A number of hedge funds have recently modified their holdings of NKLR. UBS Group AG purchased a new stake in Terra Innovatum Global S.R.L. in the 4th quarter valued at about $3,002,000. Sanctuary Advisors LLC purchased a new stake in shares of Terra Innovatum Global S.R.L. in the 4th quarter valued at approximately $291,000. Quotient Wealth Partners LLC acquired a new stake in Terra Innovatum Global S.R.L. in the fourth quarter valued at $207,000. FNY Investment Advisers LLC purchased a new stake in Terra Innovatum Global S.R.L. during the fourth quarter worth approximately $181,000. Finally, Occidental Asset Management LLC purchased a new stake in shares of Terra Innovatum Global S.R.L. during the 4th quarter worth approximately $179,000.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.