Terrestrial Energy Inc. (IMSR) – What Are Analysts Saying About This Stock?

Shares of Terrestrial Energy Inc. (NASDAQ:IMSR) have been assigned an average recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.00.

Several analysts have issued reports on IMSR shares. Roth Capital assumed coverage on shares of Terrestrial Energy in a report on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price target on the stock. Wall Street Zen upgraded shares of Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th.

Terrestrial Energy Stock Down 5.3%

Shares of Terrestrial Energy stock traded down $0.17 on Friday, hitting $3.05. The company’s stock had a trading volume of 1,231,395 shares, compared to its average volume of 1,685,676. Terrestrial Energy has a 52-week low of $2.79 and a 52-week high of $27.16. The firm has a fifty day moving average price of $4.63 and a 200-day moving average price of $6.03. The company has a market capitalization of $323.09 million, a P/E ratio of -16.05 and a beta of 2.52.

Terrestrial Energy (NASDAQ:IMSR) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. As a group, analysts expect that Terrestrial Energy will post -0.50 earnings per share for the current year.

Insider Transactions at Terrestrial Energy

In related news, CEO Simon Irish bought 16,900 shares of the stock in a transaction on Tuesday, October 13th. The shares were purchased at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the acquisition, the chief executive officer owned 2,312,834 shares in the company, valued at $6,961,630.34. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 28.60% of the company’s stock.

Hedge Funds Weigh In On Terrestrial Energy

A number of institutional investors have recently made changes to their positions in IMSR. WINTON GROUP Ltd lifted its position in shares of Terrestrial Energy by 1.6% in the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock valued at $3,568,000 after acquiring an additional 7,700 shares in the last quarter. Renaissance Technologies LLC increased its position in Terrestrial Energy by 136.1% during the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock worth $2,449,000 after purchasing an additional 235,100 shares in the last quarter. FNY Investment Advisers LLC increased its position in Terrestrial Energy by 129.2% during the 2nd quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after purchasing an additional 85,490 shares in the last quarter. Bank of America Corp DE raised its stake in Terrestrial Energy by 96.0% in the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after purchasing an additional 65,021 shares during the last quarter. Finally, Yorkville Advisors Global LP acquired a new position in Terrestrial Energy in the 1st quarter valued at about $733,000.

About Terrestrial Energy

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.