New Era Energy & Digital (NASDAQ:NUAI) Stock Price Down 7.4% - Here's What Happened

Key Points

• New Era Energy & Digital shares fell 7.4% to approximately $5.43, with 3.92 million shares traded—41% below average volume.
• Analyst sentiment remains mixed but leans positive: the stock has a consensus “Moderate Buy” rating and an average price target of $11.67, despite ratings ranging from Strong Buy to Sell.
• The company reported a larger-than-expected quarterly loss of $0.21 per share versus consensus of $0.09, on just $0.04 million in revenue; it also posted sharply negative profitability metrics.

New Era Energy & Digital Inc (NASDAQ:NUAI - Get Free Report)'s stock price fell 7.4% on Wednesday. The stock traded as low as $5.46 and last traded at $5.4250. 3,924,040 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 6,637,680 shares. The stock had previously closed at $5.86.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. New Street Research set a $10.00 target price on shares of New Era Energy & Digital in a report on Tuesday, July 7th. Wall Street Zen cut shares of New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 1st. B. Riley Financial increased their target price on New Era Energy & Digital from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, September 29th. Northland Securities set a $12.00 price target on shares of New Era Energy & Digital in a research report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, New Era Energy & Digital currently has a consensus rating of "Moderate Buy" and an average target price of $11.67.

New Era Energy & Digital Trading Down 7.4%

The firm has a market cap of $578.09 million, a P/E ratio of -5.59 and a beta of 1.19. The company's fifty day moving average price is $5.63 and its two-hundred day moving average price is $5.10. 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 released its earnings results on Friday, August 14th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.12). The firm 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%. As a group, sell-side analysts predict that New Era Energy & Digital Inc will post -0.5 EPS for the current fiscal year.

Institutional Trading of New Era Energy & Digital

A number of large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of New Era Energy & Digital during the 2nd quarter worth about $36,000. Legal & General Group Plc acquired a new position in shares of New Era Energy & Digital in the second quarter valued at approximately $50,000. State of Wyoming bought a new position in shares of New Era Energy & Digital during the second quarter valued at $51,000. Integrated Wealth Concepts LLC acquired a new stake in shares of New Era Energy & Digital in the second quarter valued at about $64,000. Finally, Cetera Investment Advisers acquired a new position in shares of New Era Energy & Digital in the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 21.90% of the company's stock.

About New Era Energy & Digital

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