X-Energy (NASDAQ:XE) Shares Gap Up - Still a Buy?

Key Points

• X-Energy shares opened higher, rising from a prior close of $10.36 to $11.08 before trading at $10.57, while the company’s market capitalization stood at approximately $4.24 billion.
• Analyst sentiment is broadly positive but mixed: the stock has a consensus rating of “Moderate Buy” and an average price target of $33.25, though targets range from $8 to $57 and one analyst rates it a sell.
• X-Energy reported strong revenue growth of 154% year over year to $54.6 million, but missed quarterly earnings expectations with a loss of $0.15 per share versus the estimated $0.09 loss.

X-Energy, Inc. (NASDAQ:XE - Get Free Report)'s stock price gapped up prior to trading on Monday. The stock had previously closed at $10.36, but opened at $11.08. X-Energy shares last traded at $10.57, with a volume of 1,667,690 shares.

Analyst Upgrades and Downgrades

XE has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 target price on shares of X-Energy in a research report on Friday, August 14th. Texas Capital raised X-Energy to a "strong-buy" rating in a research report on Monday, September 14th. Weiss Ratings started coverage on X-Energy in a research report on Monday, July 20th. They issued a "sell (d)" rating for the company. Piper Sandler set a $8.00 price objective on X-Energy in a research note on Monday. Finally, Guggenheim reaffirmed a "buy" rating and set a $57.00 price objective on shares of X-Energy in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.25.

X-Energy Stock Performance

The stock has a market cap of $4.24 billion and a PE ratio of -69.53. The firm has a 50 day moving average of $16.55.

X-Energy (NASDAQ:XE - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The firm's revenue for the quarter was up 154.0% compared to the same quarter last year. Equities research analysts predict that X-Energy, Inc. will post -0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Eastern Bank purchased a new position in X-Energy in the 3rd quarter worth $28,000. GK Wealth Management LLC purchased a new position in shares of X-Energy during the 3rd quarter valued at about $57,000. IFP Advisors Inc acquired a new position in X-Energy in the second quarter valued at approximately $95,000. Silicon Valley Capital Partners acquired a new position in shares of X-Energy in the 2nd quarter valued at $103,000. Finally, Formula Growth Ltd. acquired a new position in shares of X-Energy in the second quarter worth about $174,000.

About X-Energy

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.

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