X-Energy (NASDAQ:XE) Shares Up 5.1% - What's Next?

Key Points

• X-Energy shares rose 5.1% to $22.04, reaching an intraday high of $22.28, although trading volume was 87% below the average session volume.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating and a $37.86 average price target, with targets ranging from $34 to $41 alongside recent hold and sell ratings.
• The company reported quarterly revenue of $54.6 million, up 154% year over year, but missed EPS expectations with a loss of $0.15 versus the estimated $0.09 loss; Bank of New York Mellon also disclosed a new 68,126-share position.

X-Energy, Inc. (NASDAQ:XE - Get Free Report)'s stock price rose 5.1% during trading on Monday . The company traded as high as $22.28 and last traded at $22.04. Approximately 736,978 shares changed hands during trading, a decline of 87% from the average session volume of 5,618,606 shares. The stock had previously closed at $20.98.

Analysts Set New Price Targets

Several brokerages recently weighed in on XE. Zacks Research upgraded X-Energy to a "hold" rating in a research note on Wednesday, May 20th. Morgan Stanley began coverage on X-Energy in a report on Tuesday, May 19th. They issued an "overweight" rating and a $41.00 price objective on the stock. Weiss Ratings initiated coverage on X-Energy in a research note on Monday, July 20th. They set a "sell (d)" rating for the company. Wall Street Zen lowered X-Energy from a "hold" rating to a "sell" rating in a research report on Saturday, June 13th. Finally, UBS Group dropped their price target 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. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.86.

X-Energy Stock Performance

The stock's 50 day moving average price is $18.31.

X-Energy (NASDAQ:XE - Get Free Report) last posted 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 business had revenue of $54.60 million during the quarter. The company's revenue was up 154.0% on a year-over-year basis. As a group, analysts predict that X-Energy, Inc. will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in X-Energy stock. Bank of New York Mellon Corp bought a new position in shares of X-Energy, Inc. (NASDAQ:XE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 68,126 shares of the company's stock, valued at approximately $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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