X-Energy (NASDAQ:XE) Trading Down 6.4% – Time to Sell?

X-Energy, Inc. (NASDAQ:XE) shares traded down 6.4% on Wednesday . The stock traded as low as $27.23 and last traded at $27.76. 1,067,509 shares were traded during trading, a decline of 84% from the average session volume of 6,633,375 shares. The stock had previously closed at $29.67.

Analyst Ratings Changes

Several analysts have commented on XE shares. Cantor Fitzgerald assumed coverage on shares of X-Energy in a research note on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target on the stock. Guggenheim started coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective for the company. JPMorgan Chase & Co. started coverage on X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price on the stock. Wolfe Research began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “peer perform” rating for the company. Finally, TD Cowen started coverage on X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $35.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, X-Energy presently has a consensus rating of “Moderate Buy” and an average target price of $39.57.

X-Energy Price Performance

Insider Activity

In related news, CAO Laura Garcia acquired 1,200 shares of X-Energy stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, with a total value of $27,600.00. Following the completion of the purchase, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at $4,526,906. The trade was a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kathleen W. Hyle acquired 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were bought at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 12,300 shares of company stock worth $282,900 over the last 90 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.