Terrestrial Energy (NASDAQ:IMSR) Stock Price Down 6.8% – What’s Next?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s stock price was down 6.8% during mid-day trading on Monday . The company traded as low as $5.48 and last traded at $5.4250. 738,422 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 2,717,871 shares. The stock had previously closed at $5.82.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.50.

Terrestrial Energy Stock Up 2.4%

The firm has a 50 day moving average of $6.31 and a two-hundred day moving average of $7.01. The firm has a market capitalization of $614.92 million, a price-to-earnings ratio of -57.97 and a beta of 2.39.

Terrestrial Energy (NASDAQ:IMSR) last issued its earnings results on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. Sell-side analysts forecast that Terrestrial Energy Inc. will post -0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Terrestrial Energy

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Terrestrial Energy in the 2nd quarter worth about $120,000. Valeo Financial Advisors LLC purchased a new position in shares of Terrestrial Energy during the second quarter valued at approximately $106,000. FNY Investment Advisers LLC grew its holdings in Terrestrial Energy by 129.2% during the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after buying an additional 85,490 shares in the last quarter. Flax Pond Capital LLC bought a new stake in Terrestrial Energy during the first quarter worth $96,000. Finally, Bank of America Corp DE raised its position in Terrestrial Energy by 96.0% in the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after buying an additional 65,021 shares during the last quarter.

Terrestrial Energy Company Profile

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.