New Era Energy & Digital (NASDAQ:NUAI) Director Trent Yang Sells 49,397 Shares of Company Stock

Key Points

• Director Trent Yang sold 49,397 NUAI shares at an average price of $1.99, generating approximately $98,300 and reducing his direct ownership by 19.03% to 210,151 shares.
• New Era Energy & Digital shares fell to $2.73, near the stock’s 52-week low of $2.01 and well below its 50-day and 200-day moving averages of roughly $5.10 and $5.02.
• The company reported a quarterly loss of $0.21 per share, missing estimates by $0.12, while analysts maintain a “Moderate Buy” consensus with an average price target of $10.50; institutional ownership stands at 21.90%.

New Era Energy & Digital Inc (NASDAQ:NUAI - Get Free Report) Director Trent Yang sold 49,397 shares of New Era Energy & Digital stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $1.99, for a total transaction of $98,300.03. Following the transaction, the director directly owned 210,151 shares in the company, valued at approximately $418,200.49. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

New Era Energy & Digital Stock Performance

NASDAQ NUAI traded down $0.13 during trading hours on Friday, reaching $2.73. The company's stock had a trading volume of 8,222,161 shares, compared to its average volume of 7,055,533. The stock has a market cap of $290.91 million, a PE ratio of -2.79 and a beta of 1.19. The business has a 50-day simple moving average of $5.10 and a 200 day simple moving average of $5.02. New Era Energy & Digital Inc has a 52 week low of $2.01 and a 52 week high of $9.44. The company has a current ratio of 14.21, a quick ratio of 14.21 and a debt-to-equity ratio of 0.11.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.12). The company had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. Equities research analysts predict that New Era Energy & Digital Inc will post -0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NUAI. Wall Street Zen downgraded shares of New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. B. Riley Financial lowered their price target on New Era Energy & Digital from $13.00 to $10.00 and set a "buy" rating on the stock in a report on Friday. Weiss Ratings raised New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 14th. Northland Securities set a $12.00 price target on shares of New Era Energy & Digital in a research note on Tuesday, August 18th. Finally, New Street Research set a $10.00 price target on New Era Energy & Digital in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NUAI. State Street Corp increased its stake in shares of New Era Energy & Digital by 2,040.0% during the 2nd quarter. State Street Corp now owns 4,179,391 shares of the company's stock worth $26,665,000 after purchasing an additional 3,984,091 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at about $2,267,000. WINTON GROUP Ltd purchased a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at about $117,000. Integrated Wealth Concepts LLC bought a new stake in New Era Energy & Digital during the second quarter valued at about $64,000. Finally, FirstWave Capital Management LLC acquired a new position in shares of New Era Energy & Digital during the 2nd quarter worth about $1,608,000. 21.90% of the stock is owned by institutional investors.

New Era Energy & Digital Company Profile

New Era Energy & Digital, Inc is an energy and digital infrastructure company focused on developing projects that combine energy resources with data-center and high-performance computing applications. Its activities are centered on supporting digital infrastructure, including facilities designed for artificial intelligence, data processing and related computing services.

The company was previously known as New Era Helium, Inc and historically pursued helium exploration and development opportunities.

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