X-Energy (NASDAQ:XE) Stock Price Down 9.3% – Should You Sell?

X-Energy, Inc. (NASDAQ:XE) traded down 9.3% during mid-day trading on Tuesday . The company traded as low as $16.36 and last traded at $16.62. Approximately 2,936,850 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 5,765,576 shares. The stock had previously closed at $18.32.

Analyst Ratings Changes

Several research analysts have recently commented on XE shares. Wall Street Zen lowered shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Zacks Research upgraded shares of X-Energy to a “hold” rating in a report on Wednesday, May 20th. Jefferies Financial Group reissued a “hold” rating and set a $22.00 target price on shares of X-Energy in a research report on Wednesday, June 24th. Guggenheim started coverage on X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $57.00 target price on the stock. Finally, Cantor Fitzgerald initiated coverage on X-Energy in a research report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target for the company. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, X-Energy has an average rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Trading Down 0.2%

The firm has a fifty day simple moving average of $24.40.

Insider Transactions at X-Energy

In other news, Director Kathleen W. Hyle purchased 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was bought at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the stock in a transaction dated Monday, April 27th. The stock was acquired at an average cost 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 $4,526,906. The trade was a 0.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 12,300 shares of company stock valued at $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.