Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Trading Down 8.2% – Here’s Why

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) shares fell 8.2% during trading on Thursday . The stock traded as low as $3.89 and last traded at $3.91. 586,215 shares changed hands during trading, a decline of 19% from the average session volume of 722,643 shares. The stock had previously closed at $4.26.

Wall Street Analysts Forecast Growth

NKLR has been the subject of several research reports. Weiss Ratings assumed coverage on Terra Innovatum Global S.R.L. in a report on Friday, December 26th. They issued a “sell (e+)” rating for the company. HC Wainwright initiated coverage on Terra Innovatum Global S.R.L. in a report on Tuesday, December 30th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Wall Street Zen cut shares of Terra Innovatum Global S.R.L. to a “strong sell” rating in a report on Sunday, December 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Terra Innovatum Global S.R.L. has an average rating of “Hold” and a consensus target price of $25.00.

Terra Innovatum Global S.R.L. Stock Down 8.2%

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KLCM Advisors Inc. acquired a new stake in Terra Innovatum Global S.R.L. in the fourth quarter valued at approximately $46,000. Edge Financial Advisors LLC purchased a new stake in shares of Terra Innovatum Global S.R.L. during the 4th quarter valued at $63,000. Symmetry Partners LLC acquired a new stake in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth $61,000. May Hill Capital LLC acquired a new stake in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth $80,000. Finally, Farther Finance Advisors LLC acquired a new position in Terra Innovatum Global S.R.L. during the 4th quarter valued at about $107,000.

About Terra Innovatum Global S.R.L.

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.