X-Energy (NASDAQ:XE) Reaches New 12-Month Low - Time to Sell?

Key Points

• X-Energy shares fell to a new 52-week low of $12.56, last trading at $12.72 versus a prior close of $13.08. The stock’s 50-day moving average is $17.13, highlighting recent weakness.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $34.25, despite ratings ranging from “Strong Buy” to “Sell.”
• The company reported a quarterly loss of $0.15 per share, missing expectations by $0.06, though revenue rose 154% year over year to $54.6 million. X-Energy is developing small modular nuclear reactors and TRISO-X fuel.

X-Energy, Inc. (NASDAQ:XE - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.56 and last traded at $12.72, with a volume of 5,664,814 shares traded. The stock had previously closed at $13.08.

Analyst Ratings Changes

XE has been the subject of a number of analyst reports. Texas Capital upgraded shares of X-Energy to a "strong-buy" rating in a research report on Monday, September 14th. Jefferies Financial Group reaffirmed a "hold" rating and set a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. UBS Group lowered their target price on shares of X-Energy from $40.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings started coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a "sell (d)" rating on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $38.00 price target on shares of X-Energy in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $34.25.

X-Energy Stock Performance

The firm has a market capitalization of $5.17 billion and a PE ratio of -84.80. The firm's fifty day moving average price is $17.13.

X-Energy (NASDAQ:XE - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. The company's revenue was up 154.0% compared to the same quarter last year. As a group, equities research analysts predict that X-Energy, Inc. will post -0.71 earnings per share for the current year.

Hedge Funds Weigh In On X-Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Segra Capital Management LLC grew its position in X-Energy by 8.3% in the third quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company's stock worth $222,314,000 after acquiring an additional 1,202,283 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of X-Energy during the 2nd quarter valued at about $15,011,000. State Street Corp purchased a new position in shares of X-Energy during the 2nd quarter valued at about $8,522,000. BlueCrest Capital Management Ltd bought a new stake in X-Energy in the 2nd quarter worth approximately $7,436,000. Finally, Two Seas Capital LP lifted its position in X-Energy by 39.4% in the 3rd quarter. Two Seas Capital LP now owns 1,394,413 shares of the company's stock worth $19,773,000 after buying an additional 394,413 shares during the last quarter.

X-Energy Company Profile

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.