X-Energy, Inc. (NASDAQ:XE) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on X-Energy, with six buy ratings, one strong buy, three holds and two sells. The average 12-month price target is $33.38, though recent targets range from $9 to $57.
• X-Energy shares opened at $11.45, near the company’s 52-week low of $10.80 and well below its 52-week high of $37.10. The company has a $4.65 billion market capitalization and a negative price-to-earnings ratio.
• The company reported $54.6 million in quarterly revenue, up 154% year over year, but its $0.15-per-share loss was wider than analysts’ expected $0.09 loss. X-Energy is developing small modular nuclear reactors and TRISO-X fuel.

Shares of X-Energy, Inc. (NASDAQ:XE - Get Free Report) have received an average rating of "Moderate Buy" from the twelve brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $33.38.

XE has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of X-Energy from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. TD Cowen reaffirmed a "buy" rating on shares of X-Energy in a report on Tuesday, June 23rd. Texas Capital upgraded X-Energy to a "strong-buy" rating in a research note on Monday, September 14th. Guggenheim restated a "buy" rating and issued a $57.00 price objective on shares of X-Energy in a research report on Tuesday, September 8th. Finally, Piper Sandler began coverage on X-Energy in a research report on Tuesday, September 8th. They set an "underweight" rating and a $9.00 target price for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in X-Energy during the third quarter valued at about $28,000. GK Wealth Management LLC purchased a new position in shares of X-Energy in the 3rd quarter worth about $57,000. IFP Advisors Inc bought a new position in shares of X-Energy during the 2nd quarter valued at about $95,000. Silicon Valley Capital Partners bought a new position in shares of X-Energy during the 2nd quarter valued at about $103,000. Finally, Formula Growth Ltd. bought a new position in shares of X-Energy during the 2nd quarter valued at about $174,000.

X-Energy Trading Down 1.6%

Shares of XE stock opened at $11.45 on Friday. X-Energy has a 1 year low of $10.80 and a 1 year high of $37.10. The company has a 50 day moving average of $16.79. The company has a market capitalization of $4.65 billion and a PE ratio of -76.33.

X-Energy (NASDAQ:XE - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (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. The firm's quarterly revenue was up 154.0% on a year-over-year basis. On average, equities research analysts predict that X-Energy will post -0.71 earnings per share for the current fiscal year.

About X-Energy

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.

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