Standard Nuclear (NYSE:STDN) Shares Climb 12.1% - Time to Buy?

Key Points

• Standard Nuclear shares jumped 12.1% to $14.59 in Tuesday trading, reaching an intraday high of $14.87 on volume below the stock’s average.
• Analyst sentiment is broadly positive: nine analysts rate the stock Buy and two rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of $16.88.
• The company’s latest results fell short of expectations, with a quarterly loss of $0.12 per share versus an expected loss of $0.04 and revenue of $1.64 million versus the $2.97 million consensus estimate.

Shares of Standard Nuclear, Inc. (NYSE:STDN - Get Free Report) were up 12.1% during trading on Tuesday. The stock traded as high as $14.87 and last traded at $14.59. Approximately 732,256 shares traded hands during trading, a decline of 13% from the average session volume of 845,564 shares. The stock had previously closed at $13.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on STDN shares. Evercore initiated coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They issued an "outperform" rating and a $17.00 price objective for the company. Barclays assumed coverage on Standard Nuclear in a research note on Monday, August 10th. They set an "overweight" rating and a $17.00 price objective on the stock. Stifel Nicolaus set a $17.00 target price on Standard Nuclear in a research note on Friday, August 28th. Bank of America started coverage on Standard Nuclear in a research report on Monday, August 10th. They set a "buy" rating and a $15.00 price target on the stock. Finally, Royal Bank Of Canada lifted their price target on Standard Nuclear from $11.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.88.

Standard Nuclear Stock Performance

The firm's 50-day moving average price is $12.06.

Standard Nuclear (NYSE:STDN - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $1.64 million during the quarter, compared to the consensus estimate of $2.97 million. As a group, analysts forecast that Standard Nuclear, Inc. will post -0.43 earnings per share for the current fiscal year.

Standard Nuclear Company Profile

Standard Nuclear, Inc NYSE: STDN is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company's principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear's operations are primarily oriented toward the U.S.

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