X-Energy Target of Unusually High Options Trading (NASDAQ:XE)

Key Points

• Options activity increased notably: Traders bought 9,570 call options in X-Energy, 15% above its average daily call volume.
• Analyst sentiment is moderately bullish: Six analysts rate the stock a Buy, three rate it Hold, and one rates it Sell, producing a consensus “Moderate Buy” rating and average price target of $37.86.
• Shares declined while revenue grew: X-Energy stock fell 2.6% to $17.94, and the company reported a quarterly EPS loss of $0.15 that missed estimates, despite revenue rising 154% year over year to $54.6 million.

X-Energy, Inc. (NASDAQ:XE - Get Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 9,570 call options on the company. This is an increase of 15% compared to the average daily volume of 8,326 call options.

Wall Street Analyst Weigh In

Several analysts recently weighed in on XE shares. Guggenheim began coverage on X-Energy in a report on Tuesday, May 19th. They issued a "buy" rating and a $57.00 price objective for the company. Wall Street Zen lowered X-Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 13th. Zacks Research upgraded X-Energy to a "hold" rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. started coverage on X-Energy in a research report on Tuesday, May 19th. They set an "overweight" rating and a $38.00 price target on the stock. Finally, UBS Group reduced their price objective on X-Energy from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.86.

X-Energy Stock Down 2.6%

Shares of XE traded down $0.47 during trading hours on Wednesday, hitting $17.94. 3,013,032 shares of the company were exchanged, compared to its average volume of 5,651,849. The company has a market capitalization of $7.29 billion and a P/E ratio of -119.60. The business's fifty day moving average is $17.83. X-Energy has a one year low of $13.29 and a one year high of $37.10.

X-Energy (NASDAQ:XE - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. X-Energy's revenue for the quarter was up 154.0% compared to the same quarter last year. Equities analysts anticipate that X-Energy will post -0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On X-Energy

A number of large investors have recently bought and sold shares of XE. Formula Growth Ltd. bought a new stake in X-Energy in the 2nd quarter valued at about $174,000. AXQ Capital LP acquired a new stake in shares of X-Energy in the second quarter valued at approximately $188,000. California State Teachers Retirement System bought a new stake in shares of X-Energy in the second quarter valued at approximately $201,000. Public Employees Retirement System of Ohio acquired a new stake in X-Energy during the second quarter worth approximately $221,000. Finally, Bank of New York Mellon Corp acquired a new stake in X-Energy during the second quarter worth approximately $1,251,000.

X-Energy Company Profile

X-Energy NASDAQ: XE is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy's technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company's activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.

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