New Era Energy & Digital (NASDAQ:NUAI) Stock: Insider Trent Yang Sells 49,397 Shares

New Era Energy & Digital Inc (NASDAQ:NUAI) Director Trent Yang sold 49,397 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $1.99, for a total transaction of $98,300.03. Following the transaction, the director owned 210,151 shares of the company’s stock, valued at $418,200.49. The trade was a 19.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

New Era Energy & Digital Stock Down 4.5%

New Era Energy & Digital stock opened at $2.73 on Friday. 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 Inc has a 1-year low of $2.01 and a 1-year high of $9.44. The company has a fifty day simple moving average of $5.04 and a 200 day simple moving average of $5.02. The company has a market cap of $290.91 million, a P/E ratio of -2.79 and a beta of 1.19.

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

Institutional Trading of New Era Energy & Digital

A number of hedge funds have recently made changes to their positions in NUAI. State Street Corp boosted its stake in shares of New Era Energy & Digital by 2,040.0% during the 2nd quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after acquiring an additional 3,984,091 shares during the period. BlueCrest Capital Management Ltd bought a new stake in New Era Energy & Digital in the 2nd quarter valued at $2,267,000. WINTON GROUP Ltd bought a new stake in New Era Energy & Digital in the 2nd quarter valued at $117,000. Integrated Wealth Concepts LLC bought a new stake in New Era Energy & Digital in the 2nd quarter valued at $64,000. Finally, FirstWave Capital Management LLC bought a new stake in New Era Energy & Digital in the 2nd quarter valued at $1,608,000. 21.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Northland Securities set a $12.00 target price on New Era Energy & Digital in a report on Tuesday, August 18th. B. Riley Financial decreased their price target on New Era Energy & Digital from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Friday. New Street Research set a $10.00 price target on New Era Energy & Digital in a research note on Tuesday, July 7th. Weiss Ratings raised New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Finally, Wall Street Zen cut New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.50.

About New Era Energy & Digital

New Era Energy & Digital, Inc is an energy and digital infrastructure company focused on developing projects that combine energy resources with data-center and high-performance computing applications. Its activities are centered on supporting digital infrastructure, including facilities designed for artificial intelligence, data processing and related computing services.

The company was previously known as New Era Helium, Inc and historically pursued helium exploration and development opportunities.