X-Energy (NASDAQ:XE) Reaches New 12-Month Low – Time to Sell?

X-Energy, Inc. (NASDAQ:XE)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.56 and last traded at $12.72, with a volume of 5,664,814 shares traded. The stock had previously closed at $13.08.

Analyst Ratings Changes

XE has been the subject of a number of analyst reports. Texas Capital upgraded shares of X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. UBS Group lowered 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. Weiss Ratings started coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a “sell (d)” rating on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price target on shares of X-Energy in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.25.

X-Energy Stock Performance

The firm has a market capitalization of $5.17 billion and a PE ratio of -84.80. The firm’s fifty day moving average price is $17.13.

X-Energy (NASDAQ:XE) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. The company’s revenue was up 154.0% compared to the same quarter last year. As a group, equities research analysts predict that X-Energy, Inc. will post -0.71 earnings per share for the current year.

Hedge Funds Weigh In On X-Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Segra Capital Management LLC grew its position in X-Energy by 8.3% in the third quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock worth $222,314,000 after acquiring an additional 1,202,283 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of X-Energy during the 2nd quarter valued at about $15,011,000. State Street Corp purchased a new position in shares of X-Energy during the 2nd quarter valued at about $8,522,000. BlueCrest Capital Management Ltd bought a new stake in X-Energy in the 2nd quarter worth approximately $7,436,000. Finally, Two Seas Capital LP lifted its position in X-Energy by 39.4% in the 3rd quarter. Two Seas Capital LP now owns 1,394,413 shares of the company’s stock worth $19,773,000 after buying an additional 394,413 shares during the last quarter.

X-Energy Company Profile

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.