New Era Energy & Digital Inc (NASDAQ:NUAI) Stock Has Consensus Target Price of $11.25 According to Brokerages

Key Points

• Analyst consensus is “Moderate Buy” for New Era Energy & Digital, with three buys, one strong buy, one hold and one sell. The average 12-month price target is $11.25, including B. Riley’s raised target of $13.
• Major shareholder Kent C. McCarthy purchased 250,000 shares for approximately $1.19 million at $4.77 per share, increasing his holdings by 2.69%. Insiders own 4.07% of the company, while institutional investors and hedge funds own 21.90%.
• NUAI opened at $3.41 and remains unprofitable, reporting a quarterly loss of $0.21 per share versus the $0.09 expected loss. Analysts forecast a full-year loss of $0.58 per share.

New Era Energy & Digital Inc (NASDAQ:NUAI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.25.

Several research firms have recently issued reports on NUAI. B. Riley Financial increased their target price on shares of New Era Energy & Digital from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, September 29th. New Street Research set a $10.00 price target on New Era Energy & Digital in a research note on Tuesday, July 7th. Northland Securities set a $12.00 price target on New Era Energy & Digital in a research report on Tuesday, August 18th. Wall Street Zen downgraded New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 14th.

Insider Activity

In related news, major shareholder Kent C. Mccarthy bought 250,000 shares of the business's stock in a transaction dated Friday, October 9th. The stock was acquired at an average price of $4.77 per share, with a total value of $1,192,500.00. Following the completion of the purchase, the insider directly owned 9,550,000 shares of the company's stock, valued at approximately $45,553,500. This trade represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 4.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On New Era Energy & Digital

Several institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in New Era Energy & Digital during the second quarter worth about $36,000. Legal & General Group Plc acquired a new position in New Era Energy & Digital in the second quarter valued at approximately $50,000. State of Wyoming purchased a new position in New Era Energy & Digital in the second quarter worth approximately $51,000. Integrated Wealth Concepts LLC acquired a new stake in New Era Energy & Digital during the second quarter worth $64,000. Finally, Cetera Investment Advisers purchased a new stake in New Era Energy & Digital in the first quarter valued at $70,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

New Era Energy & Digital Stock Performance

Shares of New Era Energy & Digital stock opened at $3.41 on Thursday. The company has a market capitalization of $363.37 million, a PE ratio of -3.48 and a beta of 1.19. The company has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $5.09. New Era Energy & Digital has a one year low of $2.01 and a one year high of $9.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). 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 $0.04 million for the quarter. Research analysts expect that New Era Energy & Digital will post -0.58 EPS for the current fiscal year.

About New Era Energy & Digital

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