Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Earns “Buy” Rating from HC Wainwright

Terra Innovatum Global S.R.L. (NASDAQ:NKLR)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $25.00 price target on the stock. HC Wainwright’s price objective points to a potential upside of 363.82% from the company’s previous close.

NKLR has been the subject of a number of other research reports. Wall Street Zen raised shares of Terra Innovatum Global S.R.L. from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings cut Terra Innovatum Global S.R.L. from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Terra Innovatum Global S.R.L. has a consensus rating of “Hold” and an average target price of $17.50.

Terra Innovatum Global S.R.L. Stock Performance

Shares of NKLR opened at $5.39 on Tuesday. Terra Innovatum Global S.R.L. has a 52 week low of $3.73 and a 52 week high of $21.91. The firm has a market cap of $595.60 million and a P/E ratio of -77.00. The firm’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $5.26.

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) last announced its earnings results on Saturday, August 15th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). As a group, equities analysts forecast that Terra Innovatum Global S.R.L. will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On Terra Innovatum Global S.R.L.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Terra Innovatum Global S.R.L. by 112,716.7% during the first quarter. Bank of America Corp DE now owns 13,538 shares of the company’s stock worth $63,000 after buying an additional 13,526 shares during the period. High Net Worth Advisory Group LLC acquired a new position in shares of Terra Innovatum Global S.R.L. during the 1st quarter valued at $46,000. Vennlight Capital Management LP acquired a new position in shares of Terra Innovatum Global S.R.L. during the fourth quarter valued at about $2,872,000. Polymer Capital Management US LLC bought a new stake in Terra Innovatum Global S.R.L. in the 4th quarter valued at about $338,000. Finally, Millennium Management LLC acquired a new stake in Terra Innovatum Global S.R.L. in the fourth quarter valued at approximately $51,000.

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.