Terrestrial Energy Inc. (NASDAQ:IMSR) Stock Has Consensus Target Price of $13.50

Shares of Terrestrial Energy Inc. (NASDAQ:IMSR) have earned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.00.

A number of brokerages recently issued reports on IMSR. Wall Street Zen raised shares of Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Friday, August 7th. Finally, Roth Capital started coverage on shares of Terrestrial Energy in a report on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price objective for the company.

Institutional Trading of Terrestrial Energy

Hedge funds have recently made changes to their positions in the business. SkyView Investment Advisors LLC acquired a new position in Terrestrial Energy during the 2nd quarter worth $27,000. Valeo Financial Advisors LLC purchased a new stake in Terrestrial Energy in the second quarter valued at $106,000. Flax Pond Capital LLC purchased a new stake in shares of Terrestrial Energy in the 1st quarter valued at about $96,000. Bank of New York Mellon Corp acquired a new stake in shares of Terrestrial Energy in the second quarter valued at approximately $120,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Terrestrial Energy during the first quarter worth about $188,000.

Terrestrial Energy Stock Down 4.2%

Shares of Terrestrial Energy stock opened at $4.12 on Tuesday. The firm’s 50 day moving average price is $5.12 and its 200-day moving average price is $6.32. Terrestrial Energy has a 52-week low of $4.03 and a 52-week high of $31.50. The company has a market cap of $436.43 million, a P/E ratio of -21.68 and a beta of 2.40.

Terrestrial Energy (NASDAQ:IMSR) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. As a group, equities research analysts forecast that Terrestrial Energy will post -0.5 EPS for the current fiscal year.

Terrestrial Energy Company Profile

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.