Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Trading 10.5% Higher – Still a Buy?

Shares of Terra Innovatum Global S.R.L. (NASDAQ:NKLR) were up 10.5% on Thursday . The stock traded as high as $7.35 and last traded at $7.15. Approximately 867,472 shares traded hands during trading, a decline of 10% from the average daily volume of 968,945 shares. The stock had previously closed at $6.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NKLR shares. HC Wainwright assumed coverage on Terra Innovatum Global S.R.L. in a research note on Tuesday, December 30th. They issued a “buy” rating and a $25.00 price target for the company. Weiss Ratings started coverage on shares of Terra Innovatum Global S.R.L. in a research report on Friday, December 26th. They issued a “sell (e+)” rating for the company. Finally, Wall Street Zen cut shares of Terra Innovatum Global S.R.L. to a “strong sell” rating in a research note on Sunday, December 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Terra Innovatum Global S.R.L. Stock Performance

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

A hedge fund recently bought a new stake in Terra Innovatum Global S.R.L. stock. Occidental Asset Management LLC bought a new position in shares of Terra Innovatum Global S.R.L. (NASDAQ:NKLR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 38,717 shares of the company’s stock, valued at approximately $179,000. Occidental Asset Management LLC owned about 0.06% of Terra Innovatum Global S.R.L. at the end of the most recent quarter.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.