X-Energy (NASDAQ:XE) Stock Price Down 8.7% – Should You Sell?

X-Energy, Inc. (NASDAQ:XE)’s share price was down 8.7% on Wednesday . The stock traded as low as $19.15 and last traded at $19.26. Approximately 1,132,166 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 5,871,801 shares. The stock had previously closed at $21.09.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XE shares. UBS Group began coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $40.00 target price on the stock. Wolfe Research began coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued a “peer perform” rating for the company. Guggenheim began coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price target for the company. JPMorgan Chase & Co. assumed coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.71.

X-Energy Stock Performance

The business’s 50-day moving average is $26.15.

Insiders Place Their Bets

In other X-Energy news, CAO Laura Garcia acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was 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 directly owned 196,822 shares in the company, valued at $4,526,906. This represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen W. Hyle bought 10,000 shares of the stock in a transaction on Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This represents a 8.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 12,300 shares of company stock valued at $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.