X-Energy (NASDAQ:XE) Trading Down 9.3% – Here’s Why

X-Energy, Inc. (NASDAQ:XE) shares were down 9.3% during trading on Tuesday . The company traded as low as $16.36 and last traded at $16.62. 2,936,850 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 5,765,576 shares. The stock had previously closed at $18.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and set a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. Cantor Fitzgerald initiated coverage on shares of X-Energy in a research note on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price target for the company. Zacks Research upgraded X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Wolfe Research assumed coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley assumed coverage on X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, X-Energy presently has a consensus rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Price Performance

The company’s 50-day moving average is $25.03.

Insider Activity at X-Energy

In other X-Energy news, Director Kathleen W. Hyle purchased 10,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average price of $23.00 per share, with a total value of $230,000.00. Following the purchase, the director directly owned 127,640 shares in the company, valued at approximately $2,935,720. This trade represents a 8.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Laura Garcia bought 1,200 shares of the stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, with a total value of $27,600.00. Following the purchase, the chief accounting officer owned 196,822 shares of the company’s stock, valued at $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 12,300 shares of company stock valued at $282,900.

X-Energy Company Profile

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.