New Era Energy & Digital (NASDAQ:NUAI) Upgraded at Roth Capital

Key Points

• Roth Capital upgraded New Era Energy & Digital to “strong buy.” Analysts have a consensus “Moderate Buy” rating and an average price target of $11.25, though ratings remain mixed.
• NUAI opened at $4.83, with a 52-week range of $1.55 to $9.44 and a market capitalization of approximately $514.7 million.
• The company reported a quarterly loss of $0.21 per share, missing estimates by $0.12, on just $0.04 million in revenue. Institutional investors own 21.9% of the stock, including significant recent purchases by BlackRock and State Street.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) was upgraded by Roth Capital to a "strong-buy" rating in a research note issued to investors on Wednesday, Zacks reports.

NUAI has been the topic of a number of other reports. New Street Research set a $10.00 price target on New Era Energy & Digital in a report on Tuesday, July 7th. B. Riley Financial raised their price target on shares of New Era Energy & Digital from $10.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, September 29th. Wall Street Zen downgraded shares of New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Northland Securities set a $12.00 price objective on shares of New Era Energy & Digital in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised shares of New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.25.

New Era Energy & Digital Price Performance

Shares of NUAI opened at $4.83 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21. The company has a 50 day moving average price of $5.66 and a 200-day moving average price of $5.10. New Era Energy & Digital has a fifty-two week low of $1.55 and a fifty-two week high of $9.44. The stock has a market capitalization of $514.68 million, a PE ratio of -4.93 and a beta of 1.19.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The business had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative net margin of 4,388.71% and a negative return on equity of 121.41%. Equities analysts predict that New Era Energy & Digital will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On New Era Energy & Digital

Several institutional investors and hedge funds have recently made changes to their positions in NUAI. BlackRock Inc. acquired a new position in shares of New Era Energy & Digital in the second quarter valued at about $45,986,000. State Street Corp raised its stake in shares of New Era Energy & Digital by 2,040.0% in the second quarter. State Street Corp now owns 4,179,391 shares of the company's stock worth $26,665,000 after purchasing an additional 3,984,091 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of New Era Energy & Digital during the second quarter worth about $10,927,000. First Trust Advisors LP lifted its holdings in shares of New Era Energy & Digital by 113.5% during the first quarter. First Trust Advisors LP now owns 1,614,504 shares of the company's stock worth $6,555,000 after purchasing an additional 858,329 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in New Era Energy & Digital in the second quarter valued at approximately $2,267,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

New Era Energy & Digital Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.