Roth Capital Begins Coverage on New Era Energy & Digital (NASDAQ:NUAI)

Analysts at Roth Capital initiated coverage on shares of New Era Energy & Digital (NASDAQ:NUAI) in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.

A number of other research firms have also recently weighed in on NUAI. New Street Research set a $10.00 price target on New Era Energy & Digital in a report on Tuesday, July 7th. Northland Securities set a $12.00 price objective on New Era Energy & Digital in a research note on Tuesday, August 18th. Wall Street Zen cut New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings upgraded New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Finally, B. Riley Financial lifted their price target on New Era Energy & Digital from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.25.

New Era Energy & Digital Price Performance

Shares of New Era Energy & Digital stock opened at $4.83 on Wednesday. The company has a current ratio of 14.21, a quick ratio of 14.21 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $514.68 million, a price-to-earnings ratio of -4.93 and a beta of 1.19. New Era Energy & Digital has a 1-year low of $1.55 and a 1-year high of $9.44. The firm’s 50-day moving average price is $5.66 and its two-hundred day moving average price is $5.10.

New Era Energy & Digital (NASDAQ:NUAI) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%.The firm had revenue of $0.04 million for the quarter. On average, equities analysts predict that New Era Energy & Digital will post -0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in New Era Energy & Digital in the 2nd quarter valued at $45,986,000. State Street Corp raised its position in shares of New Era Energy & Digital by 2,040.0% during the second quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after acquiring an additional 3,984,091 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of New Era Energy & Digital during the second quarter worth $10,927,000. First Trust Advisors LP raised its position in shares of New Era Energy & Digital by 113.5% during the first quarter. First Trust Advisors LP now owns 1,614,504 shares of the company’s stock worth $6,555,000 after acquiring an additional 858,329 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of New Era Energy & Digital during the second quarter valued at $2,267,000. Institutional investors own 21.90% of the company’s stock.

New Era Energy & Digital Company Profile