Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Given "Buy" Rating at HC Wainwright

Key Points

• HC Wainwright reiterated its “Buy” rating on Terra Innovatum Global, with a $25 price target implying approximately 364% upside from the stock’s $5.39 opening price.
• Analyst sentiment is mixed overall: two analysts rate NKLR a Buy and one rates it a Sell, resulting in a consensus “Hold” rating and an average target price of $17.50.
• Terra Innovatum reported quarterly EPS of -$0.16, missing the consensus estimate of -$0.05; analysts expect a full-year loss of approximately $0.26 per share.

Terra Innovatum Global S.R.L. (NASDAQ:NKLR - Get Free Report)'s stock had its "buy" rating reiterated by analysts at HC Wainwright in a report issued on Tuesday, Benzinga reports. They presently have a $25.00 target price on the stock. HC Wainwright's price objective suggests a potential upside of 363.82% from the company's current price.

NKLR has been the topic of several other research reports. Wall Street Zen upgraded Terra Innovatum Global S.R.L. from a "strong sell" rating to a "sell" rating in a report on Saturday, June 20th. Weiss Ratings lowered Terra Innovatum Global S.R.L. from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.50.

Terra Innovatum Global S.R.L. Price Performance

NKLR opened at $5.39 on Tuesday. The company has a market capitalization of $595.60 million and a price-to-earnings ratio of -77.00. The business's 50-day moving average price is $5.30 and its two-hundred day moving average price is $5.26. Terra Innovatum Global S.R.L. has a 1 year low of $3.73 and a 1 year high of $21.91.

Terra Innovatum Global S.R.L. (NASDAQ:NKLR - Get Free Report) last announced its earnings results on Saturday, August 15th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). Sell-side analysts anticipate that Terra Innovatum Global S.R.L. will post -0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Terra Innovatum Global S.R.L.

A number of institutional investors and hedge funds have recently modified their holdings of NKLR. IFP Advisors Inc acquired a new stake in Terra Innovatum Global S.R.L. in the 4th quarter valued at about $33,000. KLCM Advisors Inc. acquired a new stake in shares of Terra Innovatum Global S.R.L. in the fourth quarter valued at approximately $46,000. High Net Worth Advisory Group LLC acquired a new stake in shares of Terra Innovatum Global S.R.L. in the first quarter valued at approximately $46,000. Boothbay Fund Management LLC bought a new position in shares of Terra Innovatum Global S.R.L. during the 4th quarter worth approximately $51,000. Finally, Millennium Management LLC bought a new position in shares of Terra Innovatum Global S.R.L. during the 4th quarter worth 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.

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