Standard Nuclear (NYSE:STDN) Stock Falls 4.9% – Here’s Why

Standard Nuclear, Inc. (NYSE:STDN)’s share price fell 4.9% during trading on Tuesday. The stock traded as low as $12.70 and last traded at $12.73. 71,555 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 810,341 shares. The stock had previously closed at $13.38.

Analyst Ratings Changes

STDN has been the subject of a number of research analyst reports. Zacks Research raised shares of Standard Nuclear to a “hold” rating in a report on Thursday, August 20th. Bank of America initiated coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They issued a “buy” rating and a $15.00 price objective on the stock. Stifel Nicolaus set a $17.00 target price on shares of Standard Nuclear in a report on Friday, August 28th. Royal Bank Of Canada increased their target price on shares of Standard Nuclear from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Finally, William Blair assumed coverage on shares of Standard Nuclear in a report on Monday, August 10th. They set an “outperform” rating for the company. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.88.

Standard Nuclear Price Performance

The company has a market cap of $1.92 billion and a price-to-earnings ratio of -30.72. The firm has a fifty day simple moving average of $12.71.

Standard Nuclear (NYSE:STDN) last announced its earnings results on Thursday, August 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $1.64 million during the quarter, compared to the consensus estimate of $2.97 million. As a group, sell-side analysts predict that Standard Nuclear, Inc. will post -0.43 earnings per share for the current year.

Standard Nuclear Company Profile

Standard Nuclear, Inc (NYSE: STDN) is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company’s principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear’s operations are primarily oriented toward the U.S.