X-Energy (NASDAQ:XE) Trading 9.1% Higher - Time to Buy?

Key Points

• X-Energy shares rose 9.1% to $19.75, with trading volume below its average; the company has a market capitalization of approximately $7.83 billion.
• Analyst views are mixed, but the consensus remains “Moderate Buy” with an average price target of $37.86, well above the recent share price.
• X-Energy reported quarterly revenue of $54.6 million, up 154% year over year, but its $0.15-per-share loss was wider than expected and analysts forecast a full-year loss.

X-Energy, Inc. (NASDAQ:XE - Get Free Report)'s share price traded up 9.1% during trading on Tuesday . The stock traded as high as $19.89 and last traded at $19.75. 3,731,250 shares changed hands during trading, a decline of 33% from the average daily volume of 5,601,475 shares. The stock had previously closed at $18.11.

Wall Street Analyst Weigh In

XE has been the subject of a number of analyst reports. Wall Street Zen lowered shares of X-Energy from a "hold" rating to a "sell" rating in a research note on Saturday, June 13th. Weiss Ratings assumed coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a "sell (d)" rating on the stock. Zacks Research raised X-Energy to a "hold" rating in a report on Wednesday, May 20th. Guggenheim assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued a "buy" rating and a $57.00 price objective for the company. Finally, Morgan Stanley began coverage on X-Energy in a research note on Tuesday, May 19th. They set an "overweight" rating and a $41.00 target price on the stock. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, X-Energy presently has a consensus rating of "Moderate Buy" and an average price target of $37.86.

X-Energy Stock Performance

The firm's fifty day simple moving average is $18.21. The stock has a market cap of $7.83 billion and a price-to-earnings ratio of -128.40.

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 (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. X-Energy's quarterly revenue was up 154.0% compared to the same quarter last year. Research analysts predict that X-Energy, Inc. will post -0.76 earnings per share for the current year.

Hedge Funds Weigh In On X-Energy

A number of institutional investors have recently bought and sold shares of XE. Formula Growth Ltd. purchased a new position in X-Energy during the 2nd quarter worth approximately $174,000. AXQ Capital LP acquired a new stake in shares of X-Energy in the second quarter worth $188,000. California State Teachers Retirement System purchased a new position in shares of X-Energy during the second quarter valued at $201,000. Public Employees Retirement System of Ohio purchased a new position in shares of X-Energy during the second quarter valued at $221,000. Finally, Bank of New York Mellon Corp purchased a new stake in X-Energy in the 2nd quarter worth about $1,251,000.

X-Energy Company Profile

X-Energy NASDAQ: XE is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy's technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company's activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.

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