X-Energy (NASDAQ:XE) Shares Up 7.5% – What’s Next?

X-Energy, Inc. (NASDAQ:XE) traded up 7.5% during mid-day trading on Tuesday . The stock traded as high as $21.79 and last traded at $21.68. 1,018,276 shares changed hands during trading, a decline of 83% from the average daily volume of 5,928,790 shares. The stock had previously closed at $20.16.

Analyst Ratings Changes

XE has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 target price on shares of X-Energy in a report on Wednesday. TD Cowen reiterated a “buy” rating on shares of X-Energy in a research note on Tuesday. UBS Group assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $40.00 target price for the company. Cantor Fitzgerald started coverage on shares of X-Energy in a research note on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, Morgan Stanley began coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.71.

X-Energy Stock Down 9.4%

The business’s 50 day moving average price is $26.33.

Insider Activity at X-Energy

In related news, Director Kathleen W. Hyle bought 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the transaction, the director owned 127,640 shares in the company, valued at approximately $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the business’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 $27,600.00. Following the purchase, the chief accounting officer directly owned 196,822 shares in the company, valued at $4,526,906. This represents a 0.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 12,300 shares of company stock valued at $282,900 over the last ninety 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.