Analysts Set X-Energy, Inc. (NASDAQ:XE) Target Price at $39.57

X-Energy, Inc. (NASDAQ:XE) has received an average rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.5714.

Several brokerages have weighed in on XE. UBS Group began coverage on shares of X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $40.00 price objective for the company. Wall Street Zen lowered shares of X-Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Jefferies Financial Group began coverage on shares of X-Energy in a report on Tuesday, May 19th. They set a “hold” rating and a $28.00 price objective for the company. TD Cowen assumed coverage on shares of X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Morgan Stanley assumed coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target for the company.

X-Energy Price Performance

Shares of X-Energy stock opened at $21.56 on Friday. X-Energy has a twelve month low of $17.37 and a twelve month high of $37.10.

Insider Activity

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

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.