New Era Energy & Digital Inc (NASDAQ:NUAI) Stock Has Consensus Target Price of $11.25 According to Brokerages

Shares of New Era Energy & Digital Inc (NASDAQ:NUAI) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.25.

Several research firms have recently weighed in on NUAI. Weiss Ratings raised shares of New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. New Street Research set a $10.00 target price on shares of New Era Energy & Digital in a report on Tuesday, July 7th. B. Riley Financial raised their target price on shares of New Era Energy & Digital from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Roth Capital started coverage on shares of New Era Energy & Digital in a research report on Wednesday, October 7th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Northland Securities set a $12.00 target price on shares of New Era Energy & Digital in a research note on Tuesday, August 18th.

New Era Energy & Digital Stock Down 4.5%

NASDAQ NUAI opened at $2.97 on Thursday. New Era Energy & Digital has a one year low of $2.01 and a one year high of $9.44. The stock has a 50-day moving average of $5.46 and a 200 day moving average of $5.07. The company has a current ratio of 14.21, a quick ratio of 14.21 and a debt-to-equity ratio of 0.11.

New Era Energy & Digital (NASDAQ:NUAI) last posted its earnings results on Friday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative net margin of 4,388.71% and a negative return on equity of 121.41%. As a group, analysts forecast that New Era Energy & Digital will post -0.58 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Kent C. Mccarthy sold 4,090,000 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $3.61, for a total value of $14,764,900.00. Following the transaction, the insider directly owned 5,460,000 shares in the company, valued at $19,710,600. This trade represents a 42.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.07% of the stock is currently owned by company insiders.

Institutional Trading of New Era Energy & Digital

A number of hedge funds have recently bought and sold shares of NUAI. BlackRock Inc. bought a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at about $45,986,000. State Street Corp lifted its stake in shares of New Era Energy & Digital by 2,040.0% in the 2nd quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after purchasing an additional 3,984,091 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of New Era Energy & Digital in the 2nd quarter worth approximately $10,927,000. First Trust Advisors LP lifted its stake in shares of New Era Energy & Digital by 113.5% in the 1st quarter. First Trust Advisors LP now owns 1,614,504 shares of the company’s stock worth $6,555,000 after purchasing an additional 858,329 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of New Era Energy & Digital in the second quarter worth approximately $2,267,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

New Era Energy & Digital Company Profile