X-Energy (NASDAQ:XE) Hits New 12-Month Low – Should You Sell?

X-Energy, Inc. (NASDAQ:XE)’s share price hit a new 52-week low on Wednesday. The company traded as low as $9.95 and last traded at $10.18, with a volume of 2,153,292 shares traded. The stock had previously closed at $10.98.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XE. Texas Capital upgraded shares of X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Weiss Ratings started coverage on X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating for the company. Wedbush assumed coverage on X-Energy in a research note on Tuesday. They set an “outperform” rating and a $17.00 target price for the company. Guggenheim reaffirmed a “buy” rating and issued a $57.00 target price on shares of X-Energy in a report on Tuesday, September 8th. Finally, UBS Group decreased their price target on X-Energy from $34.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, X-Energy currently has an average rating of “Moderate Buy” and a consensus target price of $29.67.

X-Energy Stock Performance

The company has a market capitalization of $4.24 billion and a PE ratio of -69.53. The company has a fifty day moving average price of $14.06.

X-Energy (NASDAQ:XE) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million for the quarter. The company’s quarterly revenue was up 154.0% compared to the same quarter last year. Research analysts expect that X-Energy, Inc. will post -0.76 EPS for the current year.

Institutional Trading of X-Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eastern Bank acquired a new position in X-Energy in the 3rd quarter worth about $28,000. GK Wealth Management LLC acquired a new stake in shares of X-Energy during the third quarter valued at about $57,000. IFP Advisors Inc acquired a new stake in shares of X-Energy during the second quarter valued at about $95,000. Silicon Valley Capital Partners bought a new stake in shares of X-Energy during the second quarter worth about $103,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of X-Energy during the third quarter worth about $130,000.

X-Energy Company Profile

X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.

The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.

Founded in 2009, X-energy is headquartered in Rockville, Maryland.