X-Energy, Inc. (NASDAQ:XE) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of X-Energy, Inc. (NASDAQ:XE) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $34.25.

A number of analysts have recently commented on XE shares. Texas Capital upgraded X-Energy to a “strong-buy” rating in a report on Monday, September 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. UBS Group lowered their price target on X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings assumed coverage on X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating for the company. Finally, TD Cowen restated a “buy” rating on shares of X-Energy in a report on Tuesday, June 23rd.

X-Energy Price Performance

XE opened at $15.08 on Monday. X-Energy has a 1 year low of $13.29 and a 1 year high of $37.10. The business has a 50 day moving average of $17.65. The firm has a market capitalization of $6.13 billion and a PE ratio of -100.53.

X-Energy (NASDAQ:XE) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) 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 business’s revenue for the quarter was up 154.0% compared to the same quarter last year. On average, research analysts expect that X-Energy will post -0.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in shares of X-Energy in the second quarter worth $95,000. Silicon Valley Capital Partners purchased a new stake in X-Energy during the 2nd quarter worth $103,000. Formula Growth Ltd. purchased a new stake in X-Energy during the 2nd quarter worth $174,000. AXQ Capital LP acquired a new stake in X-Energy in the 2nd quarter valued at $188,000. Finally, Public Employees Retirement System of Ohio purchased a new position in X-Energy in the second quarter valued at about $221,000.

X-Energy Company Profile

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.