Standard Nuclear (NYSE:STDN) Stock Falls 7.1% – What’s Next?

Shares of Standard Nuclear, Inc. (NYSE:STDN) fell 7.1% during trading on Wednesday. The company traded as low as $14.07 and last traded at $14.11. 183,913 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 845,901 shares. The stock had previously closed at $15.19.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Standard Nuclear to a “hold” rating in a report on Thursday, August 20th. Evercore initiated coverage on Standard Nuclear in a report on Monday, August 10th. They issued an “outperform” rating and a $17.00 price objective for the company. Bank of America began coverage on Standard Nuclear in a report on Monday, August 10th. They set a “buy” rating and a $15.00 target price on the stock. Needham & Company LLC started coverage on shares of Standard Nuclear in a research note on Tuesday. They set a “buy” rating and a $18.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Standard Nuclear in a report on Monday, August 10th. They issued a “buy” rating and a $18.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.88.

Standard Nuclear Trading Down 4.9%

The stock has a fifty day moving average price of $12.48. The company has a market cap of $2.11 billion and a price-to-earnings ratio of -112.58.

Standard Nuclear (NYSE:STDN) last released its earnings results on Thursday, August 27th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $1.64 million for the quarter, compared to analyst estimates of $2.97 million. As a group, equities research analysts forecast that Standard Nuclear, Inc. will post -0.43 earnings per share for the current fiscal year.

About Standard Nuclear

Standard Nuclear, Inc (NYSE: STDN) is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company’s principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear’s operations are primarily oriented toward the U.S.