X-Energy, Inc. (NASDAQ:XE) Stock Has Consensus Price Target of $29.67

Shares of X-Energy, Inc. (NASDAQ:XE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fourteen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $29.67.

Several brokerages recently issued reports on XE. Weiss Ratings started coverage on X-Energy in a research note on Monday, July 20th. They set a "sell (d)" rating on the stock. Wedbush initiated coverage on shares of X-Energy in a research note on Tuesday, November 3rd. They set an "outperform" rating and a $17.00 target price for the company. Guggenheim reissued a "buy" rating and set a $57.00 target price on shares of X-Energy in a report on Tuesday, September 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $38.00 price target on shares of X-Energy in a research report on Friday, August 14th. Finally, Needham & Company LLC began coverage on shares of X-Energy in a research report on Monday, October 26th. They issued a "hold" rating on the stock.

Institutional Investors Weigh In On X-Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. boosted its stake in X-Energy by 87.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,710,077 shares of the company's stock valued at $38,429,000 after acquiring an additional 1,261,498 shares during the period. Segra Capital Management LLC lifted its holdings in shares of X-Energy by 8.3% in the 3rd quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company's stock worth $222,314,000 after purchasing an additional 1,202,283 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of X-Energy in the 2nd quarter worth approximately $15,011,000. State Street Corp acquired a new position in X-Energy during the 2nd quarter valued at approximately $8,522,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in X-Energy during the 3rd quarter worth $6,268,000.

X-Energy Trading Up 7.0%

NASDAQ:XE opened at $11.16 on Tuesday. The business's 50 day moving average price is $13.78. X-Energy has a 52 week low of $8.68 and a 52 week high of $37.10. The company has a market cap of $4.54 billion and a P/E ratio of -74.40.

X-Energy (NASDAQ:XE - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. X-Energy's revenue for the quarter was up 154.0% on a year-over-year basis. Analysts anticipate that X-Energy will post -0.76 earnings per share for the current fiscal year.

X-Energy Company Profile

X-energy is an advanced nuclear technology company developing small modular reactors and nuclear fuel. Its flagship design, the Xe-100, is a high-temperature, gas-cooled reactor intended to provide electricity and industrial process heat. The company's reactor design uses pebble-shaped fuel containing TRISO-X particles, which are engineered to retain radioactive materials at high temperatures.

Founded in 2009, X-energy has worked with government and commercial partners to advance its reactor and fuel technologies.

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