Terrestrial Energy (NASDAQ:IMSR) Stock Price Up 10.3% – Time to Buy?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s share price traded up 10.3% during trading on Tuesday . The company traded as high as $5.57 and last traded at $5.6790. 241,705 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 2,522,572 shares. The stock had previously closed at $5.15.

Analyst Upgrades and Downgrades

IMSR has been the subject of a number of research analyst reports. Wall Street Zen raised Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Terrestrial Energy in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.50.

Terrestrial Energy Trading Down 6.2%

The company has a 50 day simple moving average of $5.43 and a 200-day simple moving average of $6.53. The stock has a market cap of $563.55 million, a price-to-earnings ratio of -28.00 and a beta of 2.40.

Terrestrial Energy (NASDAQ:IMSR) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Equities analysts forecast that Terrestrial Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd boosted its stake 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 buying an additional 7,700 shares during the period. Valeo Financial Advisors LLC acquired a new position in Terrestrial Energy in the 2nd quarter valued at $106,000. Flax Pond Capital LLC acquired a new position in Terrestrial Energy in the 1st quarter valued at $96,000. Bank of New York Mellon Corp bought a new stake in shares of Terrestrial Energy during the 2nd quarter valued at $120,000. Finally, California State Teachers Retirement System bought a new position in shares of Terrestrial Energy in the first quarter worth $188,000.

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.