X-Energy (NASDAQ:XE) Trading Down 7.7% – Time to Sell?

X-Energy, Inc. (NASDAQ:XE)’s share price was down 7.7% on Thursday . The company traded as low as $21.08 and last traded at $21.12. 3,020,087 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 5,858,271 shares. The stock had previously closed at $22.88.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XE. Guggenheim assumed coverage on X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price objective on the stock. UBS Group assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $40.00 target price for the company. Jefferies Financial Group began coverage on X-Energy in a research report on Tuesday, May 19th. They set a “hold” rating and a $28.00 target price for the company. JPMorgan Chase & Co. assumed coverage on X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, TD Cowen started coverage on X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $35.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold 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 $39.57.

X-Energy Trading Down 6.2%

Insider Buying and Selling at X-Energy

In other X-Energy news, CAO Laura Garcia bought 1,200 shares of the company’s stock in a transaction on Monday, April 27th. The stock was bought at an average price 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 approximately $4,526,906. The trade was a 0.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen W. Hyle purchased 10,000 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the purchase, the director owned 127,640 shares in the company, valued at $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 12,300 shares of company stock valued at $282,900 in the last quarter.

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.