New Era Energy & Digital (NASDAQ:NUAI) Director Trent Yang Sells 49,397 Shares of Stock

New Era Energy & Digital Inc (NASDAQ:NUAI) Director Trent Yang sold 49,397 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $1.99, for a total value of $98,300.03. Following the completion of the sale, the director directly owned 210,151 shares of the company’s stock, valued at $418,200.49. The trade was a 19.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

New Era Energy & Digital Price Performance

NUAI stock opened at $2.73 on Friday. The firm has a market cap of $290.91 million, a P/E ratio of -2.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21. New Era Energy & Digital Inc has a 1 year low of $2.01 and a 1 year high of $9.44. The stock has a 50-day simple moving average of $5.04 and a 200-day simple moving average of $5.02.

New Era Energy & Digital (NASDAQ:NUAI) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. On average, equities analysts predict that New Era Energy & Digital Inc will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NUAI shares. Roth Capital began coverage on shares of New Era Energy & Digital in a research report on Wednesday, October 7th. They set a “buy” rating and a $10.00 target price on the stock. Wall Street Zen lowered shares of New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Northland Securities set a $12.00 price objective on shares of New Era Energy & Digital in a report on Tuesday, August 18th. Finally, B. Riley Financial cut their price objective on shares of New Era Energy & Digital from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, New Era Energy & Digital has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Hedge Funds Weigh In On New Era Energy & Digital

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in New Era Energy & Digital in the second quarter valued at $45,986,000. State Street Corp grew its holdings in New Era Energy & Digital by 2,040.0% during the 2nd 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 in the last quarter. Alyeska Investment Group L.P. acquired a new position in New Era Energy & Digital during the 2nd quarter worth $10,927,000. First Trust Advisors LP grew its holdings in New Era Energy & Digital by 113.5% during the 1st 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 in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of New Era Energy & Digital in the 2nd quarter worth about $2,267,000. 21.90% of the stock is owned by institutional investors and hedge funds.

New Era Energy & Digital Company Profile

New Era Energy & Digital, Inc is an energy and digital infrastructure company focused on developing projects that combine energy resources with data-center and high-performance computing applications. Its activities are centered on supporting digital infrastructure, including facilities designed for artificial intelligence, data processing and related computing services.

The company was previously known as New Era Helium, Inc and historically pursued helium exploration and development opportunities.