Investors Purchase High Volume of X-Energy Call Options (NASDAQ:XE)

X-Energy, Inc. (NASDAQ:XE) saw unusually large options trading on Wednesday. Stock traders purchased 9,570 call options on the stock. This is an increase of 15% compared to the average volume of 8,326 call options.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings initiated coverage on X-Energy in a research note on Monday, July 20th. They issued a “sell (d)” rating for the company. Wolfe Research initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Jefferies Financial Group restated a “hold” rating and issued a $22.00 target price on shares of X-Energy in a research report on Wednesday, June 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 price target on shares of X-Energy in a research report on Friday, August 14th. Finally, Wall Street Zen downgraded shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, X-Energy has a consensus rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Trading Down 2.6%

Shares of XE traded down $0.47 during trading hours on Wednesday, reaching $17.94. 3,013,032 shares of the stock traded hands, compared to its average volume of 5,651,849. X-Energy has a 52 week low of $13.29 and a 52 week high of $37.10. The stock has a market cap of $7.29 billion and a P/E ratio of -119.60. The stock has a fifty day moving average price of $17.83.

X-Energy (NASDAQ:XE) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $54.60 million for the quarter. X-Energy’s revenue was up 154.0% on a year-over-year basis. As a group, sell-side analysts expect that X-Energy will post -0.76 EPS for the current year.

Institutional Trading of X-Energy

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System purchased a new position in shares of X-Energy in the 2nd quarter worth about $201,000. AXQ Capital LP purchased a new position in shares of X-Energy during the 2nd quarter valued at about $188,000. Wellington Management Group LLP bought a new stake in X-Energy in the 2nd quarter worth approximately $15,011,000. Public Employees Retirement System of Ohio bought a new stake in X-Energy in the 2nd quarter worth approximately $221,000. Finally, Bank of New York Mellon Corp purchased a new stake in X-Energy in the second quarter worth approximately $1,251,000.

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.