Investors Purchase Large Volume of Call Options on X-Energy (NASDAQ:XE)

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

Institutional Inflows and Outflows

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

X-Energy Price Performance

XE traded down $1.59 on Tuesday, reaching $18.86. The company had a trading volume of 4,842,827 shares, compared to its average volume of 5,674,490. X-Energy has a 1 year low of $13.29 and a 1 year high of $37.10. The company has a market cap of $7.66 billion and a PE ratio of -125.73. The stock’s 50-day simple moving average is $18.27.

X-Energy (NASDAQ:XE) last issued its quarterly earnings data 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 business had revenue of $54.60 million during the quarter. The company’s revenue was up 154.0% compared to the same quarter last year. On average, equities analysts expect that X-Energy will post -0.58 earnings per share for the current year.

Analyst Ratings Changes

XE has been the subject of a number of recent research reports. JPMorgan Chase & Co. assumed coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price target for the company. TD Cowen reaffirmed a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Wolfe Research began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set a “peer perform” rating for the company. Wall Street Zen lowered X-Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, Zacks Research raised X-Energy to a “hold” rating in a report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, X-Energy currently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

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.