Terrestrial Energy Inc. (IMSR) - What Are Analysts Saying About This Stock?

Key Points

• Analyst consensus is “Hold” for Terrestrial Energy, with three buy ratings, one hold and one sell. The average 12-month price target is $14.00.
• IMSR shares fell 5.3% to $3.05, near their 52-week low of $2.79, while the stock remains well below its 50-day and 200-day moving averages.
• Terrestrial Energy reported a quarterly loss of $0.09 per share, slightly better than estimates, and CEO Simon Irish purchased 16,900 shares. Insiders own 28.6% of the company, while several institutional investors have increased their positions.

Shares of Terrestrial Energy Inc. (NASDAQ:IMSR - Get Free Report) have been assigned an average recommendation of "Hold" from the five ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.00.

Several analysts have issued reports on IMSR shares. Roth Capital assumed coverage on shares of Terrestrial Energy in a report on Tuesday, September 22nd. They issued a "buy" rating and a $15.00 price target on the stock. Wall Street Zen upgraded shares of Terrestrial Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Terrestrial Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, October 8th.

Terrestrial Energy Stock Down 5.3%

Shares of Terrestrial Energy stock traded down $0.17 on Friday, hitting $3.05. The company's stock had a trading volume of 1,231,395 shares, compared to its average volume of 1,685,676. Terrestrial Energy has a 52-week low of $2.79 and a 52-week high of $27.16. The firm has a fifty day moving average price of $4.63 and a 200-day moving average price of $6.03. The company has a market capitalization of $323.09 million, a P/E ratio of -16.05 and a beta of 2.52.

Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. As a group, analysts expect that Terrestrial Energy will post -0.50 earnings per share for the current year.

Insider Transactions at Terrestrial Energy

In related news, CEO Simon Irish bought 16,900 shares of the stock in a transaction on Tuesday, October 13th. The shares were purchased at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the acquisition, the chief executive officer owned 2,312,834 shares in the company, valued at $6,961,630.34. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 28.60% of the company's stock.

Hedge Funds Weigh In On Terrestrial Energy

A number of institutional investors have recently made changes to their positions in IMSR. WINTON GROUP Ltd lifted its position in shares of Terrestrial Energy by 1.6% in the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company's stock valued at $3,568,000 after acquiring an additional 7,700 shares in the last quarter. Renaissance Technologies LLC increased its position in Terrestrial Energy by 136.1% during the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company's stock worth $2,449,000 after purchasing an additional 235,100 shares in the last quarter. FNY Investment Advisers LLC increased its position in Terrestrial Energy by 129.2% during the 2nd quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company's stock worth $1,073,000 after purchasing an additional 85,490 shares in the last quarter. Bank of America Corp DE raised its stake in Terrestrial Energy by 96.0% in the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company's stock valued at $797,000 after purchasing an additional 65,021 shares during the last quarter. Finally, Yorkville Advisors Global LP acquired a new position in Terrestrial Energy in the 1st quarter valued at about $733,000.

About Terrestrial Energy

Terrestrial Energy Nasdaq: IMSR is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.

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