X-Energy (NASDAQ:XE) Stock Price Up 6% – What’s Next?

X-Energy, Inc. (NASDAQ:XE)’s stock price traded up 6% during mid-day trading on Tuesday. The company traded as high as $15.39 and last traded at $15.27. 2,204,628 shares traded hands during trading, a decline of 62% from the average session volume of 5,863,577 shares. The stock had previously closed at $14.41.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XE. Jefferies Financial Group reissued a “hold” rating and set a $22.00 target price on shares of X-Energy in a research note on Wednesday, June 24th. Guggenheim restated a “buy” rating and issued a $57.00 price objective on shares of X-Energy in a report on Tuesday, September 8th. Wall Street Zen lowered shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Texas Capital upgraded shares of X-Energy to a “strong-buy” rating in a report on Monday, September 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of X-Energy in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, X-Energy currently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

X-Energy Price Performance

The business’s 50-day moving average is $17.48. The firm has a market capitalization of $6.24 billion and a price-to-earnings ratio of -102.40.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $54.60 million for the quarter. The business’s quarterly revenue was up 154.0% on a year-over-year basis. Research analysts expect that X-Energy, Inc. will post -0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new position in shares of X-Energy in the second quarter valued at about $15,011,000. State Street Corp bought a new stake in X-Energy during the 2nd quarter valued at approximately $8,522,000. BlueCrest Capital Management Ltd purchased a new position in X-Energy in the 2nd quarter worth approximately $7,436,000. Squarepoint Ops LLC purchased a new position in X-Energy in the 2nd quarter worth approximately $5,967,000. Finally, Tidal Investments LLC bought a new position in X-Energy in the 2nd quarter worth approximately $3,344,000.

X-Energy Company Profile

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.