New Era Energy & Digital (NASDAQ:NUAI) Upgraded at Roth Capital

New Era Energy & Digital (NASDAQ:NUAI) was upgraded by Roth Capital to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

NUAI has been the topic of a number of other reports. New Street Research set a $10.00 price target on New Era Energy & Digital in a report on Tuesday, July 7th. B. Riley Financial raised their price target on shares of New Era Energy & Digital from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, September 29th. Wall Street Zen downgraded shares of New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Northland Securities set a $12.00 price objective on shares of New Era Energy & Digital in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised shares of New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

New Era Energy & Digital Price Performance

Shares of NUAI opened at $4.83 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21. The company has a 50 day moving average price of $5.66 and a 200-day moving average price of $5.10. New Era Energy & Digital has a fifty-two week low of $1.55 and a fifty-two week high of $9.44. The stock has a market capitalization of $514.68 million, a PE ratio of -4.93 and a beta of 1.19.

New Era Energy & Digital (NASDAQ:NUAI) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The business had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative net margin of 4,388.71% and a negative return on equity of 121.41%. Equities analysts predict that New Era Energy & Digital will post -0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On New Era Energy & Digital

Several institutional investors and hedge funds have recently made changes to their positions in NUAI. BlackRock Inc. acquired a new position in shares of New Era Energy & Digital in the second quarter valued at about $45,986,000. State Street Corp raised its stake in shares of New Era Energy & Digital by 2,040.0% in the second quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after purchasing an additional 3,984,091 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of New Era Energy & Digital during the second quarter worth about $10,927,000. First Trust Advisors LP lifted its holdings in shares of New Era Energy & Digital by 113.5% during the first quarter. First Trust Advisors LP now owns 1,614,504 shares of the company’s stock worth $6,555,000 after purchasing an additional 858,329 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in New Era Energy & Digital in the second quarter valued at approximately $2,267,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

New Era Energy & Digital Company Profile