New Era Energy & Digital Inc (NASDAQ:NUAI) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on New Era Energy & Digital, based on five ratings: one sell, one hold, two buys and one strong buy. The average 12-month price target is $10.67, compared with the reported share price of $5.86.
• Recent price targets range from $10 to $12, while institutional ownership stands at 21.9%; BlackRock and Alyeska Investment Group recently established significant positions.
• The company reported a wider-than-expected quarterly loss of $0.21 per share versus the $0.09 consensus estimate, with just $0.04 million in revenue and sharply negative profitability metrics.

Shares of New Era Energy & Digital Inc (NASDAQ:NUAI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.6667.

NUAI has been the subject of a number of recent analyst reports. B. Riley Financial initiated coverage on shares of New Era Energy & Digital in a research report on Tuesday, July 7th. They issued a "buy" rating and a $10.00 price objective for the company. Wall Street Zen cut New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 14th. New Street Research set a $10.00 price target on New Era Energy & Digital in a research report on Tuesday, July 7th. Finally, Northland Securities set a $12.00 price objective on New Era Energy & Digital in a report on Tuesday, August 18th.

New Era Energy & Digital Stock Up 0.9%

New Era Energy & Digital stock opened at $5.86 on Friday. The firm has a market capitalization of $624.44 million, a price-to-earnings ratio of -5.98 and a beta of 1.24. The company's 50 day simple moving average is $5.15 and its 200 day simple moving average is $4.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.21 and a quick ratio of 14.21. New Era Energy & Digital has a fifty-two week low of $0.47 and a fifty-two week high of $9.44.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The firm had revenue of $0.04 million during the quarter. New Era Energy & Digital had a negative net margin of 4,388.71% and a negative return on equity of 121.41%. As a group, sell-side analysts anticipate that New Era Energy & Digital will post -0.5 EPS for the current year.

Institutional Trading of New Era Energy & Digital

Several hedge funds have recently bought and sold shares of NUAI. BlackRock Inc. acquired a new position in shares of New Era Energy & Digital in the second quarter valued at approximately $45,986,000. Alyeska Investment Group L.P. acquired a new stake in shares of New Era Energy & Digital during the second quarter worth $10,927,000. First Trust Advisors LP lifted its position in New Era Energy & Digital by 113.5% in the 1st quarter. First Trust Advisors LP now owns 1,614,504 shares of the company's stock valued at $6,555,000 after acquiring an additional 858,329 shares in the last quarter. UBS Group AG acquired a new position in New Era Energy & Digital in the 4th quarter worth $3,584,000. Finally, BlueCrest Capital Management Ltd bought a new position in New Era Energy & Digital during the 2nd quarter worth about $2,267,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

About New Era Energy & Digital

New Era Energy & Digital, Inc NASDAQ: NUAI is an energy and digital-infrastructure company focused on developing and operating assets that connect energy production with data-intensive computing. The company's activities have included energy projects and digital infrastructure initiatives, including facilities intended to support data centers, high-performance computing and cryptocurrency mining.

The company was formerly known as New Era Helium, Inc, reflecting its earlier focus on helium-related opportunities.

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