X-Energy (NASDAQ:XE) Sets New 52-Week Low – What’s Next?

X-Energy, Inc. (NASDAQ:XE)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $18.00 and last traded at $18.02, with a volume of 5748395 shares. The stock had previously closed at $20.43.

Wall Street Analyst Weigh In

Several research firms have commented on XE. Zacks Research upgraded X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Jefferies Financial Group began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “hold” rating and a $28.00 price objective for the company. Morgan Stanley began coverage on X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price objective for the company. Guggenheim began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective for the company. Finally, Wall Street Zen upgraded X-Energy to a “hold” rating in a research note on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Stock Down 11.8%

Insider Buying and Selling

In related news, CAO Laura Garcia purchased 1,200 shares of the company’s 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 directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the transaction, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 12,300 shares of company stock valued at $282,900 over the last 90 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.