New Era Energy & Digital (NASDAQ:NUAI) Stock Price Expected to Rise, Roth Capital Analyst Says

Key Points

• Roth Capital raised its price target on New Era Energy & Digital from $7 to $17 and maintained a Buy rating, implying potential upside of about 464% from the cited current price.
• Analyst views are mixed: MarketBeat reports an overall Moderate Buy consensus and an average target of $11, alongside ratings ranging from Strong Buy to Sell.
• The company reported a quarterly loss of $0.15 per share, missing the $0.13 loss consensus, on revenue of $0.15 million. A major shareholder also sold 4.09 million shares, reducing their stake by 42.83%.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) had its price target increased by research analysts at Roth Capital from $7.00 to $17.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Roth Capital's target price indicates a potential upside of 463.85% from the company's current price.

A number of other equities analysts also recently weighed in on the company. Alliance Global Partners started coverage on New Era Energy & Digital in a research note on Thursday, November 5th. They issued a "buy" rating and a $6.00 target price on the stock. Northland Securities set a $12.00 price target on New Era Energy & Digital in a research report on Tuesday, August 18th. B. Riley Financial dropped their price target on New Era Energy & Digital from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, October 30th. Weiss Ratings reissued a "sell (d-)" rating on shares of New Era Energy & Digital in a research report on Thursday. Finally, Wall Street Zen downgraded New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold 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 "Moderate Buy" and an average price target of $11.00.

New Era Energy & Digital Price Performance

Shares of NASDAQ:NUAI opened at $3.02 on Friday. The company has a current ratio of 14.21, a quick ratio of 14.21 and a debt-to-equity ratio of 0.11. The stock has a market cap of $353.63 million, a PE ratio of -3.06 and a beta of 1.30. The stock's fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $4.86. New Era Energy & Digital has a 1-year low of $1.57 and a 1-year high of $9.44.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last issued its quarterly earnings data on Thursday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.02). New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. The firm had revenue of $0.15 million during the quarter. As a group, analysts forecast that New Era Energy & Digital will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Kent C. Mccarthy sold 4,090,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $3.61, for a total value of $14,764,900.00. Following the completion of the transaction, the insider directly owned 5,460,000 shares of the company's stock, valued at approximately $19,710,600. This trade represents a 42.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On New Era Energy & Digital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of New Era Energy & Digital in the second quarter worth $36,000. Legal & General Group Plc bought a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at $50,000. State of Wyoming bought a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at $51,000. Integrated Wealth Concepts LLC purchased a new stake in New Era Energy & Digital during the 2nd quarter worth about $64,000. Finally, Jefferies Financial Group Inc. purchased a new stake in New Era Energy & Digital during the 3rd quarter worth about $98,000. Institutional investors own 21.90% of the company's stock.

New Era Energy & Digital Company Profile

New Era Energy & Digital, Inc. develops energy and digital infrastructure, with a strategic focus on data center projects supported by power generation and related energy resources. Its plans are aimed at serving the electricity and infrastructure needs of data-intensive computing, including artificial intelligence and high-performance computing. The company's roots are in New Era Helium, which pursued helium and natural gas exploration and development in the Permian Basin of Texas. It has since shifted its emphasis toward integrating energy development with large-scale digital infrastructure.

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