X-Energy (NASDAQ:XE) Stock Jumps 13% - Should You Buy?

Key Points

• X-Energy shares rose 13% to $10.17, though trading volume was 48% below its average.
• Analysts’ consensus is “Moderate Buy” with an average price target of $29.67, but views vary: ratings include seven Buys, four Holds, and two Sells. UBS also cut its target from $34 to $18 while maintaining a Buy rating.
• The company’s latest quarter showed revenue up 154% year over year to $54.6 million, but its loss of $0.15 per share was wider than analysts expected.

X-Energy, Inc. (NASDAQ:XE - Get Free Report) shares traded up 13% on Friday. The stock traded as high as $10.25 and last traded at $10.17. 3,142,364 shares traded hands during trading, a decline of 48% from the average daily volume of 5,992,169 shares. The stock had previously closed at $9.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and issued a $57.00 price target on shares of X-Energy in a research note on Tuesday, September 8th. UBS Group cut their price objective on X-Energy from $34.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, October 21st. Needham & Company LLC initiated coverage on X-Energy in a report on Monday, October 26th. They set a "hold" rating for the company. Texas Capital upgraded X-Energy to a "strong-buy" rating in a research report on Monday, September 14th. Finally, Weiss Ratings assumed coverage on X-Energy in a research note on Monday, July 20th. They issued a "sell (d)" rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.67.

X-Energy Price Performance

The firm's 50-day moving average price is $14.06. The firm has a market cap of $4.09 billion and a price-to-earnings ratio of -67.07.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XE. Eastern Bank acquired a new stake in shares of X-Energy in the 3rd quarter worth $28,000. GK Wealth Management LLC acquired 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 shares of X-Energy during the 2nd quarter valued at about $95,000. Silicon Valley Capital Partners purchased a new stake in shares of X-Energy in the second quarter valued at about $103,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of X-Energy in the third quarter valued at about $130,000.

X-Energy Company Profile

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy's products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.

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