X-Energy (NASDAQ:XE) Reaches New 12-Month Low – Time to Sell?

X-Energy, Inc. (NASDAQ:XE) reached a new 52-week low during trading on Friday . The company traded as low as $21.35 and last traded at $21.40, with a volume of 2977925 shares traded. The stock had previously closed at $23.65.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XE shares. JPMorgan Chase & Co. began coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 target price on the stock. Wolfe Research initiated coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set a “peer perform” rating for the company. Jefferies Financial Group initiated coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set a “hold” rating and a $28.00 target price for the company. UBS Group initiated coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $40.00 target price for the company. Finally, Zacks Research upgraded shares of X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, X-Energy has an average rating of “Moderate Buy” and an average target price of $39.57.

X-Energy Price Performance

Insider Activity

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

X-Energy Company Profile

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.