Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) issued its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01, Zacks reports.

Terra Innovatum Global S.R.L. Stock Down 0.8%

NASDAQ NKLR traded down $0.05 during trading on Friday, hitting $6.09. The stock had a trading volume of 129,005 shares, compared to its average volume of 498,343. The company has a market capitalization of $672.95 million and a PE ratio of -203.00. The firm has a 50 day moving average price of $5.15 and a 200 day moving average price of $5.18. Terra Innovatum Global S.R.L. has a twelve month low of $3.73 and a twelve month high of $21.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NKLR. Vennlight Capital Management LP purchased a new stake in Terra Innovatum Global S.R.L. during the 4th quarter worth approximately $2,872,000. Polymer Capital Management US LLC purchased a new position in Terra Innovatum Global S.R.L. in the 4th quarter valued at approximately $338,000. Millennium Management LLC purchased a new position in Terra Innovatum Global S.R.L. in the 4th quarter valued at approximately $51,000. Engineers Gate Manager LP acquired a new position in shares of Terra Innovatum Global S.R.L. in the fourth quarter worth $83,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Terra Innovatum Global S.R.L. in the fourth quarter worth $51,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Terra Innovatum Global S.R.L. from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 16th. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Terra Innovatum Global S.R.L. in a report on Thursday, July 9th. Finally, Wall Street Zen raised Terra Innovatum Global S.R.L. from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.