Terrestrial Energy (NASDAQ:IMSR) Stock Rating Raised to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Terrestrial Energy (NASDAQ:IMSR) from a strong sell rating to a sell rating in a report published on Sunday,Wall Street Zen reports.

A number of other research firms have also recently issued reports on IMSR. Lucid Cap Mkts raised Terrestrial Energy to a “strong-buy” rating in a research report on Monday, October 26th. Lake Street Capital started coverage on Terrestrial Energy in a research report on Wednesday, October 21st. They set a “buy” rating and a $15.00 target price for the company. Weiss Ratings upgraded Terrestrial Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, October 26th. Roth Capital started coverage on Terrestrial Energy in a report on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 target price on the stock. Finally, UBS Group set a $10.00 target price on Terrestrial Energy in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.40.

Terrestrial Energy Stock Performance

IMSR opened at $3.22 on Friday. The stock’s 50 day moving average price is $4.12 and its 200-day moving average price is $6.35. Terrestrial Energy has a 52-week low of $2.70 and a 52-week high of $17.40. The stock has a market capitalization of $341.09 million, a PE ratio of -16.95 and a beta of 2.59.

Terrestrial Energy (NASDAQ:IMSR) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Research analysts forecast that Terrestrial Energy will post -0.50 EPS for the current fiscal year.

Terrestrial Energy declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 27th that permits the company to repurchase $25 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Share buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Terrestrial Energy

In related news, CEO Simon Irish bought 16,900 shares of the stock in a transaction dated Tuesday, October 13th. The shares were purchased at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the completion of the purchase, the chief executive officer directly owned 2,312,834 shares of the company’s stock, valued at $6,961,630.34. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 28.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC purchased a new position in Terrestrial Energy in the second quarter valued at approximately $27,000. WINTON GROUP Ltd raised its position in Terrestrial Energy by 1.6% during the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock valued at $3,568,000 after acquiring an additional 7,700 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Terrestrial Energy in the 2nd quarter valued at $106,000. Flax Pond Capital LLC bought a new position in shares of Terrestrial Energy during the 1st quarter worth approximately $96,000. Finally, Bank of New York Mellon Corp bought a new stake in Terrestrial Energy during the 2nd quarter worth about $120,000.

Terrestrial Energy Company Profile

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.