X-Energy (NASDAQ:XE) Reaches New 1-Year Low – What’s Next?

X-Energy, Inc. (NASDAQ:XE) shares hit a new 52-week low on Wednesday. The company traded as low as $12.56 and last traded at $12.72, with a volume of 5,664,814 shares. The stock had previously closed at $13.08.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XE shares. Guggenheim reaffirmed a “buy” rating and issued a $57.00 price objective on shares of X-Energy in a research note on Tuesday, September 8th. Texas Capital upgraded shares of X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 target price on shares of X-Energy in a research report on Friday, August 14th. Jefferies Financial Group reissued a “hold” rating and issued a $22.00 price target on shares of X-Energy in a research note on Wednesday, June 24th. Finally, UBS Group cut their price target on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, X-Energy has an average rating of “Moderate Buy” and a consensus target price of $34.25.

X-Energy Stock Down 2.8%

The stock has a market capitalization of $5.17 billion and a PE ratio of -84.80. The firm’s 50 day moving average price is $17.13.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $54.60 million for the quarter. The business’s revenue was up 154.0% on a year-over-year basis. Equities research analysts expect that X-Energy, Inc. will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Segra Capital Management LLC grew its position in shares of X-Energy by 8.3% in the 3rd quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock worth $222,314,000 after buying an additional 1,202,283 shares during the last quarter. Two Seas Capital LP increased its stake in shares of X-Energy by 39.4% during the third quarter. Two Seas Capital LP now owns 1,394,413 shares of the company’s stock valued at $19,773,000 after buying an additional 394,413 shares during the period. Wellington Management Group LLP purchased a new position in shares of X-Energy during the second quarter valued at approximately $15,011,000. State Street Corp purchased a new position in shares of X-Energy during the second quarter valued at approximately $8,522,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of X-Energy during the second quarter valued at approximately $7,436,000.

X-Energy Company Profile

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.