X-Energy (NASDAQ:XE) Stock Price Down 7% – Time to Sell?

X-Energy, Inc. (NASDAQ:XE) shares fell 7% during mid-day trading on Wednesday . The stock traded as low as $18.85 and last traded at $19.00. 2,107,809 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 5,848,675 shares. The stock had previously closed at $20.43.

Wall Street Analyst Weigh In

Several research firms have issued reports on XE. Wall Street Zen raised X-Energy to a “hold” rating in a research note on Saturday, May 2nd. Morgan Stanley began coverage on X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 target price on the stock. TD Cowen began coverage on X-Energy in a research report on Tuesday, May 19th. They issued a “buy” rating and a $35.00 target price on the stock. Guggenheim began coverage on X-Energy in a research report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Trading Down 8.5%

Insider Buying and Selling

In related news, CAO Laura Garcia purchased 1,200 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the completion of the purchase, the chief accounting officer directly owned 196,822 shares in the company, valued at $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kathleen W. Hyle purchased 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the purchase, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 12,300 shares of company stock valued at $282,900.

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.