Traders Buy High Volume of X-Energy Call Options (NASDAQ:XE)

X-Energy, Inc. (NASDAQ:XE) was the target of unusually large options trading activity on Tuesday. Investors acquired 11,609 call options on the stock. This represents an increase of approximately 86% compared to the typical volume of 6,234 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XE. Formula Growth Ltd. purchased a new position in X-Energy in the second quarter valued at about $174,000. Public Employees Retirement System of Ohio acquired a new stake in shares of X-Energy in the 2nd quarter worth approximately $221,000. Finally, Bank of New York Mellon Corp purchased a new position in X-Energy in the 2nd quarter valued at approximately $1,251,000.

Analysts Set New Price Targets

XE has been the subject of several analyst reports. Weiss Ratings initiated coverage on X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating for the company. JPMorgan Chase & Co. initiated coverage on X-Energy in a report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target for the company. Wolfe Research assumed coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Morgan Stanley began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 target price for the company. Finally, TD Cowen reiterated a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, X-Energy has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

X-Energy Stock Performance

XE stock traded down $1.59 on Tuesday, reaching $18.86. 4,842,827 shares of the company’s stock were exchanged, compared to its average volume of 5,674,490. The company has a fifty day moving average of $18.27. The company has a market cap of $7.66 billion and a price-to-earnings ratio of -125.73. X-Energy has a twelve month low of $13.29 and a twelve month high of $37.10.

X-Energy (NASDAQ:XE) last issued its earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $54.60 million for the quarter. The business’s revenue was up 154.0% on a year-over-year basis. On average, equities research analysts forecast that X-Energy will post -0.58 EPS for the current fiscal year.

About X-Energy

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.