X-Energy (NASDAQ:XE) Reaches New 1-Year Low – What’s Next?

X-Energy, Inc. (NASDAQ:XE) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $15.20 and last traded at $15.33, with a volume of 1891488 shares traded. The stock had previously closed at $15.43.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XE shares. Morgan Stanley assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price objective on the stock. Cantor Fitzgerald assumed coverage on shares of X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 target price for the company. UBS Group dropped their target price 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. JPMorgan Chase & Co. initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “peer perform” rating for the company. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Stock Down 1.8%

The firm’s fifty day simple moving average is $22.83.

Insider Activity

In related news, Director Kathleen W. Hyle acquired 10,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of $23.00 per share, with a total value of $230,000.00. Following the completion of the acquisition, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. This trade represents a 8.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Laura Garcia acquired 1,200 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were 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 $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 have acquired a total of 12,300 shares of company stock worth $282,900 in the last 90 days.

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.