Standard Nuclear (NYSE:STDN) Stock Falls 7.1% – Here’s What Happened

Shares of Standard Nuclear, Inc. (NYSE:STDN) were down 7.1% during trading on Wednesday. The stock traded as low as $14.07 and last traded at $14.11. 183,913 shares changed hands during trading, a decline of 78% from the average daily volume of 845,901 shares. The stock had previously closed at $15.19.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Standard Nuclear in a research note on Monday, August 10th. They issued a “buy” rating and a $18.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Standard Nuclear in a research note on Tuesday. They issued a “buy” rating and a $18.00 price target for the company. Stifel Nicolaus set a $17.00 price target on shares of Standard Nuclear in a research report on Friday, August 28th. UBS Group raised their price objective on Standard Nuclear from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Finally, William Blair started coverage on Standard Nuclear in a research note on Monday, August 10th. They issued an “outperform” rating for the company. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.88.

Standard Nuclear Price Performance

The company has a 50 day simple moving average of $12.22. The stock has a market capitalization of $2.21 billion and a P/E ratio of -117.83.

Standard Nuclear (NYSE:STDN) last announced its quarterly earnings results on Thursday, August 27th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The business had revenue of $1.64 million for the quarter, compared to analyst estimates of $2.97 million. As a group, analysts predict that Standard Nuclear, Inc. will post -0.43 EPS for the current fiscal year.

About Standard Nuclear

Standard Nuclear, Inc (NYSE: STDN) is a U.S.-based nuclear fuel company focused on the development and production of advanced fuels for next-generation reactors. Its activities center on specialized fuel technologies intended to support the deployment of advanced nuclear power systems.

The company’s principal focus includes TRISO fuel, a form of coated particle fuel designed for high-temperature gas-cooled reactors and certain microreactor applications. Standard Nuclear is working to establish commercial-scale fuel manufacturing capabilities and support the broader advanced nuclear supply chain.

Standard Nuclear’s operations are primarily oriented toward the U.S.