Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Stock Price Target Lowered at B. Riley Financial

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) had its price target dropped by stock analysts at B. Riley Financial from $10.00 to $8.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s price target suggests a potential upside of 277.36% from the company’s current price.

NKLR has been the topic of a number of other research reports. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 target price on shares of Terra Innovatum Global S.R.L. in a report on Tuesday, September 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Terra Innovatum Global S.R.L. in a report on Wednesday, October 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.33.

Terra Innovatum Global S.R.L. Stock Performance

NASDAQ:NKLR opened at $2.12 on Wednesday. Terra Innovatum Global S.R.L. has a 52 week low of $1.93 and a 52 week high of $10.40. The firm’s 50-day simple moving average is $4.06 and its 200 day simple moving average is $4.96. The firm has a market cap of $234.26 million and a price-to-earnings ratio of -30.29.

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) last released its quarterly earnings results on Saturday, August 15th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). Sell-side analysts anticipate that Terra Innovatum Global S.R.L. will post -0.20 EPS for the current year.

Hedge Funds Weigh In On Terra Innovatum Global S.R.L.

An institutional investor recently raised its stake in Terra Innovatum Global S.R.L. stock. Bank of America Corp DE increased its holdings in Terra Innovatum Global S.R.L. (NASDAQ:NKLR) by 112,716.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,538 shares of the company’s stock after acquiring an additional 13,526 shares during the period. Bank of America Corp DE’s holdings in Terra Innovatum Global S.R.L. were worth $63,000 at the end of the most recent quarter.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global S.R.L. is a nuclear technology company focused on the development of small modular reactors (SMRs). The company is working to create compact nuclear power systems that can be manufactured, transported and deployed in locations where conventional large-scale nuclear facilities may be impractical.

Its principal development project is the DOME SMR, a small-scale reactor concept intended to provide reliable, low-carbon electricity for commercial and industrial applications.