X-Energy (NASDAQ:XE) Trading 5.1% Higher – What’s Next?

X-Energy, Inc. (NASDAQ:XE)’s share price was up 5.1% during mid-day trading on Monday . The company traded as high as $22.28 and last traded at $22.04. 736,978 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,618,606 shares. The stock had previously closed at $20.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. UBS Group decreased their target price on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wolfe Research began coverage on X-Energy in a report on Tuesday, May 19th. They set a “peer perform” rating for the company. Morgan Stanley started coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target on the stock. Finally, Weiss Ratings started coverage on X-Energy in a research report on Monday, July 20th. They set a “sell (d)” rating for the company. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

X-Energy Price Performance

The firm has a market cap of $7.66 billion and a price-to-earnings ratio of -125.73. The company has a 50-day moving average of $18.24.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million during the quarter. X-Energy’s revenue for the quarter was up 154.0% on a year-over-year basis. On average, equities analysts expect that X-Energy, Inc. will post -0.71 earnings per share for the current year.

Institutional Investors Weigh In On X-Energy

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in X-Energy during the 2nd quarter valued at about $1,251,000. Public Employees Retirement System of Ohio acquired a new stake in shares of X-Energy in the 2nd quarter worth approximately $221,000. Finally, Formula Growth Ltd. acquired a new stake in shares of X-Energy in the 2nd quarter worth approximately $174,000.

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.