Eagle Nuclear Energy (NASDAQ:NUCL) Stock Falls 2.7% - Here's What Happened

Eagle Nuclear Energy Corp (NASDAQ:NUCL - Get Free Report)'s share price traded down 2.7% during mid-day trading on Tuesday. The company traded as low as $4.22 and last traded at $4.28. Approximately 235,610 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 173,312 shares. The stock had previously closed at $4.40.

Analyst Ratings Changes

Several research firms have commented on NUCL. HC Wainwright initiated coverage on shares of Eagle Nuclear Energy in a report on Wednesday, September 2nd. They set a "buy" rating and a $11.50 price target for the company. Wall Street Zen raised shares of Eagle Nuclear Energy from a "sell" rating to a "hold" rating in a research report on Saturday, September 26th. Zacks Research upgraded shares of Eagle Nuclear Energy to a "hold" rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings lowered Eagle Nuclear Energy from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $11.50.

Eagle Nuclear Energy Stock Down 2.7%

The company has a market capitalization of $127.03 million, a PE ratio of -3.82 and a beta of 0.49. The stock's 50-day simple moving average is $5.91.

Eagle Nuclear Energy (NASDAQ:NUCL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The nuclear energy company reported ($0.17) earnings per share (EPS) for the quarter. Research analysts anticipate that Eagle Nuclear Energy Corp will post -1.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NUCL. Lineage Point Capital LP acquired a new position in Eagle Nuclear Energy during the second quarter worth approximately $5,752,000. BlackRock Inc. purchased a new stake in Eagle Nuclear Energy in the second quarter valued at approximately $2,153,000. Alyeska Investment Group L.P. acquired a new stake in shares of Eagle Nuclear Energy in the second quarter valued at approximately $3,585,000. Greenland Capital Management LP acquired a new stake in shares of Eagle Nuclear Energy in the second quarter valued at approximately $972,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Eagle Nuclear Energy in the second quarter valued at approximately $796,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

Eagle Nuclear Energy Company Profile

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