X-Energy (NASDAQ:XE) Trading Down 9.6% – Time to Sell?

X-Energy, Inc. (NASDAQ:XE) shares were down 9.6% during trading on Thursday . The company traded as low as $23.67 and last traded at $23.76. Approximately 2,306,915 shares were traded during trading, a decline of 61% from the average daily volume of 5,968,151 shares. The stock had previously closed at $26.27.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XE shares. UBS Group started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $40.00 price objective for the company. Zacks Research raised shares of X-Energy to a “hold” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price objective for the company. Wall Street Zen raised shares of X-Energy to a “hold” rating in a research report on Saturday, May 2nd. Finally, Wolfe Research started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.57.

X-Energy Stock Down 8.6%

Insider Activity

In other X-Energy news, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the transaction, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This trade represents a 8.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average cost of $23.00 per share, with a total value of $27,600.00. Following the transaction, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This represents a 0.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 12,300 shares of company stock valued at $282,900 in the last three months.

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.