Terrestrial Energy (NASDAQ:IMSR) Trading 9.8% Higher – What’s Next?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s share price traded up 9.8% during mid-day trading on Friday . The stock traded as high as $7.59 and last traded at $7.6070. 1,507,251 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 2,817,693 shares. The stock had previously closed at $6.93.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of Terrestrial Energy to a “hold” rating in a research report on Friday, January 30th. Northland Securities began coverage on shares of Terrestrial Energy in a research report on Thursday, January 29th. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.50.

Terrestrial Energy Trading Up 10.0%

The firm’s 50 day simple moving average is $6.86. The company has a market capitalization of $807.22 million, a P/E ratio of -76.20 and a beta of 1.85.

Terrestrial Energy (NASDAQ:IMSR) last issued its earnings results on Monday, March 30th. The company reported ($0.50) earnings per share (EPS) for the quarter. Equities analysts predict that Terrestrial Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On Terrestrial Energy

A number of institutional investors have recently modified their holdings of IMSR. Flax Pond Capital LLC bought a new position in shares of Terrestrial Energy during the 1st quarter valued at $96,000. Bank of New York Mellon Corp bought a new position in shares of Terrestrial Energy during the 1st quarter valued at $102,000. California State Teachers Retirement System bought a new position in shares of Terrestrial Energy during the 1st quarter valued at $188,000. Swiss National Bank bought a new position in shares of Terrestrial Energy during the 1st quarter valued at $340,000. Finally, Bank of America Corp DE raised its holdings in shares of Terrestrial Energy by 96.0% during the 1st quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after purchasing an additional 65,021 shares in the last quarter.

Terrestrial Energy Company Profile

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.