Terrestrial Energy Inc. (NASDAQ:IMSR) Given Consensus Recommendation of “Hold” by Brokerages

Terrestrial Energy Inc. (NASDAQ:IMSR) has received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.50.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Terrestrial Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a report on Friday, August 7th. Finally, Roth Capital assumed coverage on shares of Terrestrial Energy in a report on Tuesday. They issued a “buy” rating and a $15.00 price target on the stock.

Terrestrial Energy Price Performance

Shares of IMSR opened at $4.50 on Tuesday. Terrestrial Energy has a 1 year low of $4.14 and a 1 year high of $31.50. The stock has a 50 day simple moving average of $5.18 and a two-hundred day simple moving average of $6.41. The firm has a market cap of $476.69 million, a P/E ratio of -23.68 and a beta of 2.40.

Terrestrial Energy (NASDAQ:IMSR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. On average, equities analysts anticipate that Terrestrial Energy will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Terrestrial Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in IMSR. WINTON GROUP Ltd raised its holdings in Terrestrial Energy by 1.6% in the 2nd quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock worth $3,568,000 after purchasing an additional 7,700 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Terrestrial Energy by 136.1% during the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after buying an additional 235,100 shares during the period. FNY Investment Advisers LLC raised its stake in Terrestrial Energy by 129.2% in the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after buying an additional 85,490 shares in the last quarter. Bank of America Corp DE lifted its holdings in Terrestrial Energy by 96.0% in the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after buying an additional 65,021 shares during the period. Finally, Yorkville Advisors Global LP bought a new stake in Terrestrial Energy during the 1st quarter valued at approximately $733,000.

About Terrestrial Energy

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.