X-Energy (NASDAQ:XE) Hits New 1-Year Low – Here’s Why

Shares of X-Energy, Inc. (NASDAQ:XE) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.22 and last traded at $17.27, with a volume of 5089016 shares trading hands. The stock had previously closed at $18.56.

Wall Street Analyst Weigh In

XE has been the subject of several analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $22.00 price objective on shares of X-Energy in a research note on Wednesday, June 24th. Guggenheim began coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 target price on the stock. Morgan Stanley began coverage on X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target for the company. Wall Street Zen cut X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Cantor Fitzgerald started coverage on shares of X-Energy in a report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Stock Performance

The business’s 50 day moving average price is $25.51.

Insiders Place Their Bets

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

About X-Energy

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.