Insider Buying: Terrestrial Energy (NASDAQ:IMSR) Director Acquires 7,500 Shares of Company Stock

Key Points

• Director Charles Pardee bought 7,500 Terrestrial Energy shares at an average price of $2.95, investing $22,125 and more than doubling his direct ownership to 14,258 shares.
• IMSR shares traded at $3.22, while the stock’s 52-week range was $2.79 to $29.95; the company has a market capitalization of approximately $341 million and remains unprofitable.
• Analyst sentiment is mixed, with an overall consensus rating of Hold and a $14 average price target, despite Roth Capital’s $15 buy-rated target and recent sell-rating downgrades from other analysts.

Terrestrial Energy Inc. (NASDAQ:IMSR - Get Free Report) Director Charles Pardee purchased 7,500 shares of the firm's stock in a transaction dated Wednesday, October 14th. The stock was acquired at an average price of $2.95 per share, with a total value of $22,125.00. Following the purchase, the director directly owned 14,258 shares of the company's stock, valued at approximately $42,061.10. The trade was a 110.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Terrestrial Energy Stock Performance

Shares of NASDAQ:IMSR traded up $0.28 during midday trading on Thursday, reaching $3.22. 2,408,658 shares of the company's stock traded hands, compared to its average volume of 2,409,050. The company has a market cap of $341.11 million, a price-to-earnings ratio of -16.95 and a beta of 2.52. Terrestrial Energy Inc. has a one year low of $2.79 and a one year high of $29.95. The stock has a 50 day moving average of $4.73 and a 200 day moving average of $6.07.

Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Sell-side analysts predict that Terrestrial Energy Inc. will post -0.50 EPS for the current fiscal year.

Institutional Trading of Terrestrial Energy

Large investors have recently modified their holdings of the company. SkyView Investment Advisors LLC bought a new stake in shares of Terrestrial Energy during the 2nd quarter valued at about $27,000. Valeo Financial Advisors LLC purchased a new stake in shares of Terrestrial Energy during the 3rd quarter valued at about $58,000. Flax Pond Capital LLC bought a new position in shares of Terrestrial Energy in the 1st quarter worth approximately $96,000. Bank of New York Mellon Corp bought a new position in shares of Terrestrial Energy in the 1st quarter worth approximately $102,000. Finally, California State Teachers Retirement System bought a new position in shares of Terrestrial Energy in the 1st quarter worth approximately $188,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IMSR shares. Weiss Ratings downgraded shares of Terrestrial Energy from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Terrestrial Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Roth Capital began coverage on shares of Terrestrial Energy in a research report on Tuesday, September 22nd. They set a "buy" rating and a $15.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Terrestrial Energy currently has an average rating of "Hold" and a consensus target price of $14.00.

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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