Terrestrial Energy (NASDAQ:IMSR) Shares Down 5.6% - Here's What Happened

Key Points

• Terrestrial Energy shares fell 5.6% to about $4.96, with trading volume down 90% from the average daily level.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and a target price of $13.50; ratings include two Buys, one Hold and one Sell.
• The company reported a quarterly loss of $0.09 per share, slightly better than the $0.10 consensus estimate, while several institutional investors increased their holdings.

Terrestrial Energy Inc. (NASDAQ:IMSR - Get Free Report) shares traded down 5.6% during trading on Friday . The company traded as low as $4.94 and last traded at $4.9640. Approximately 261,025 shares were traded during trading, a decline of 90% from the average daily volume of 2,498,354 shares. The stock had previously closed at $5.26.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IMSR. Weiss Ratings reissued a "sell (d-)" rating on shares of Terrestrial Energy in a report on Friday, August 7th. Wall Street Zen raised shares of Terrestrial Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Terrestrial Energy has a consensus rating of "Hold" and a consensus target price of $13.50.

Terrestrial Energy Stock Performance

The company has a market capitalization of $515.35 million, a price-to-earnings ratio of -25.61 and a beta of 2.40. The business's 50 day moving average is $5.41 and its 200 day moving average is $6.53.

Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Sell-side analysts predict that Terrestrial Energy Inc. will post -0.44 EPS for the current year.

Institutional Trading of Terrestrial Energy

A number of institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd grew its stake in Terrestrial Energy by 1.6% during the 2nd quarter. WINTON GROUP Ltd now owns 504,000 shares of the company's stock valued at $3,568,000 after acquiring an additional 7,700 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Terrestrial Energy by 136.1% in the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company's stock valued at $2,449,000 after purchasing an additional 235,100 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Terrestrial Energy by 608.0% in the second quarter. California State Teachers Retirement System now owns 221,434 shares of the company's stock valued at $1,568,000 after purchasing an additional 190,158 shares during the last quarter. FNY Investment Advisers LLC lifted its position in Terrestrial Energy by 129.2% during the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company's stock worth $1,073,000 after buying an additional 85,490 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Terrestrial Energy by 96.0% during the first quarter. Bank of America Corp DE now owns 132,750 shares of the company's stock worth $797,000 after buying an additional 65,021 shares during the last quarter.

About Terrestrial Energy

Terrestrial Energy Nasdaq: IMSR is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.

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