B. Riley Financial Issues Pessimistic Forecast for Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Stock Price

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) had its price objective dropped by B. Riley Financial from $10.00 to $8.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial‘s price target would indicate a potential upside of 277.36% from the stock’s previous close.

Several other brokerages have also commented on NKLR. Weiss Ratings reissued a “sell (d)” rating on shares of Terra Innovatum Global S.R.L. in a research report on Wednesday, October 14th. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price objective on shares of Terra Innovatum Global S.R.L. in a research report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Terra Innovatum Global S.R.L. Stock Up 5.0%

NKLR opened at $2.12 on Wednesday. Terra Innovatum Global S.R.L. has a 52 week low of $1.93 and a 52 week high of $10.40. The stock has a market cap of $234.26 million and a PE ratio of -30.29. The business’s fifty day simple moving average is $4.06 and its 200 day simple moving average is $4.96.

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) last released its earnings results on Saturday, August 15th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). As a group, equities analysts anticipate that Terra Innovatum Global S.R.L. will post -0.20 earnings per share for the current year.

Institutional Investors Weigh In On Terra Innovatum Global S.R.L.

A hedge fund recently raised its stake in Terra Innovatum Global S.R.L. stock. Bank of America Corp DE grew its position in Terra Innovatum Global S.R.L. (NASDAQ:NKLR) by 112,716.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,538 shares of the company’s stock after purchasing an additional 13,526 shares during the quarter. Bank of America Corp DE’s holdings in Terra Innovatum Global S.R.L. were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Terra Innovatum Global S.R.L.

Terra Innovatum Global S.R.L. is a nuclear technology company focused on the development of small modular reactors (SMRs). The company is working to create compact nuclear power systems that can be manufactured, transported and deployed in locations where conventional large-scale nuclear facilities may be impractical.

Its principal development project is the DOME SMR, a small-scale reactor concept intended to provide reliable, low-carbon electricity for commercial and industrial applications.