X-Energy (NASDAQ:XE) Stock Price Down 7% – Time to Sell?

Shares of X-Energy, Inc. (NASDAQ:XE) traded down 7% during trading on Wednesday . The stock traded as low as $18.85 and last traded at $19.00. 2,107,809 shares changed hands during trading, a decline of 64% from the average session volume of 5,848,675 shares. The stock had previously closed at $20.43.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Cantor Fitzgerald began coverage on X-Energy in a report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 target price on the stock. UBS Group began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $40.00 price target on the stock. Guggenheim began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $57.00 price target on the stock. Jefferies Financial Group began coverage on X-Energy in a research note on Tuesday, May 19th. They set a “hold” rating and a $28.00 price target on the stock. Finally, TD Cowen assumed coverage on X-Energy in a research note on Tuesday, May 19th. They set a “buy” rating and a $35.00 price target on the stock. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Price Performance

Insider Activity

In other X-Energy news, Director Kathleen W. Hyle purchased 10,000 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the transaction, the director directly owned 127,640 shares in the company, valued at $2,935,720. This trade represents a 8.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the transaction, the chief accounting officer owned 196,822 shares of the company’s stock, valued at $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 12,300 shares of company stock worth $282,900 in the last three months.

About X-Energy

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.