New Era Energy & Digital (NASDAQ:NUAI) Stock Rating Upgraded by Roth Capital

New Era Energy & Digital (NASDAQ:NUAI) was upgraded by stock analysts at Roth Capital to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

NUAI has been the topic of a number of other research reports. Weiss Ratings upgraded New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Wall Street Zen cut New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Northland Securities set a $12.00 price target on New Era Energy & Digital in a report on Tuesday, August 18th. New Street Research set a $10.00 price target on shares of New Era Energy & Digital in a report on Tuesday, July 7th. Finally, B. Riley Financial increased 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 research note on Tuesday, September 29th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.25.

New Era Energy & Digital Price Performance

NASDAQ:NUAI opened at $4.83 on Wednesday. New Era Energy & Digital has a one year low of $1.55 and a one year high of $9.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21. The firm has a market cap of $514.68 million, a price-to-earnings ratio of -4.93 and a beta of 1.19. The firm’s fifty day moving average is $5.66 and its two-hundred day moving average is $5.10.

New Era Energy & Digital (NASDAQ:NUAI) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.21) earnings per share 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 return on equity of 121.41% and a negative net margin of 4,388.71%. Research analysts expect that New Era Energy & Digital will post -0.5 EPS for the current year.

Hedge Funds Weigh In On New Era Energy & Digital

Large investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in New Era Energy & Digital by 2,040.0% during the second quarter. State Street Corp now owns 4,179,391 shares of the company’s stock valued at $26,665,000 after purchasing an additional 3,984,091 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in New Era Energy & Digital in the 2nd quarter valued at $2,267,000. WINTON GROUP Ltd purchased a new position in New Era Energy & Digital in the 2nd quarter valued at $117,000. Integrated Wealth Concepts LLC acquired a new stake in New Era Energy & Digital during the 2nd quarter worth $64,000. Finally, FirstWave Capital Management LLC acquired a new stake in New Era Energy & Digital during the 2nd quarter worth $1,608,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

New Era Energy & Digital Company Profile