Terrestrial Energy (NASDAQ:IMSR) Stock Price Down 5.8% – Time to Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s share price traded down 5.8% during mid-day trading on Wednesday . The stock traded as low as $5.29 and last traded at $5.2550. 257,171 shares changed hands during trading, a decline of 90% from the average session volume of 2,599,230 shares. The stock had previously closed at $5.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IMSR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Friday, August 7th. Wall Street Zen raised shares of Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Terrestrial Energy presently has a consensus rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Stock Performance

The business’s fifty day moving average price is $5.92 and its two-hundred day moving average price is $6.70. The firm has a market capitalization of $558.78 million, a P/E ratio of -27.82 and a beta of 2.39.

Terrestrial Energy (NASDAQ:IMSR) last posted its earnings results on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Sell-side analysts predict that Terrestrial Energy Inc. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Terrestrial Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMSR. California State Teachers Retirement System boosted its holdings in Terrestrial Energy by 608.0% in the second quarter. California State Teachers Retirement System now owns 221,434 shares of the company’s stock worth $1,568,000 after acquiring an additional 190,158 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Terrestrial Energy in the 2nd quarter worth approximately $120,000. Valeo Financial Advisors LLC purchased a new stake in Terrestrial Energy during the 2nd quarter worth approximately $106,000. FNY Investment Advisers LLC grew 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 during the last quarter. Finally, Flax Pond Capital LLC acquired a new position in Terrestrial Energy during the 1st quarter valued at approximately $96,000.

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.