Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Stock Price Down 8.2% – Time to Sell?

Shares of Terra Innovatum Global S.R.L. (NASDAQ:NKLR) fell 8.2% during trading on Thursday . The stock traded as low as $3.89 and last traded at $3.91. 586,215 shares were traded during mid-day trading, a decline of 19% from the average session volume of 722,643 shares. The stock had previously closed at $4.26.

Analysts Set New Price Targets

NKLR has been the subject of a number of recent research reports. HC Wainwright started coverage on shares of Terra Innovatum Global S.R.L. in a report on Tuesday, December 30th. They issued a “buy” rating and a $25.00 price objective for the company. Wall Street Zen downgraded shares of Terra Innovatum Global S.R.L. to a “strong sell” rating in a research report on Sunday, December 28th. Finally, Weiss Ratings began coverage on Terra Innovatum Global S.R.L. in a research note on Friday, December 26th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.00.

Terra Innovatum Global S.R.L. Trading Down 8.2%

Institutional Trading of Terra Innovatum Global S.R.L.

Several institutional investors and hedge funds have recently modified their holdings of NKLR. May Hill Capital LLC acquired a new stake in Terra Innovatum Global S.R.L. in the fourth quarter valued at about $80,000. KLCM Advisors Inc. bought a new stake in shares of Terra Innovatum Global S.R.L. during the 4th quarter valued at approximately $46,000. RFG Advisory LLC acquired a new position in Terra Innovatum Global S.R.L. during the 4th quarter worth approximately $111,000. UBS Group AG bought a new position in Terra Innovatum Global S.R.L. in the 4th quarter valued at approximately $3,002,000. Finally, Sanctuary Advisors LLC bought a new position in Terra Innovatum Global S.R.L. in the 4th quarter valued at approximately $291,000.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.