X-Energy (NASDAQ:XE) Stock Falls 8.5% – Time to Sell?

X-Energy, Inc. (NASDAQ:XE)’s share price fell 8.5% during mid-day trading on Friday. The company traded as low as $10.48 and last traded at $10.48. Approximately 2,372,613 shares were traded during mid-day trading, a decline of 60% from the average session volume of 5,921,914 shares. The stock had previously closed at $11.45.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Guggenheim reiterated a “buy” rating and issued a $57.00 price target on shares of X-Energy in a research note on Tuesday, September 8th. UBS Group decreased their price objective 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. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price target on shares of X-Energy in a report on Friday, August 14th. Texas Capital upgraded X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Finally, TD Cowen reissued a “buy” rating on shares of X-Energy in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.38.

X-Energy Stock Performance

The stock has a market capitalization of $4.18 billion and a price-to-earnings ratio of -68.53. The firm’s 50-day moving average is $16.79.

X-Energy (NASDAQ:XE) last posted 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 firm had revenue of $54.60 million during the quarter. The company’s revenue for the quarter was up 154.0% on a year-over-year basis. On average, equities research analysts anticipate that X-Energy, Inc. will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XE. Eastern Bank acquired a new position in shares of X-Energy during the 3rd quarter valued at $28,000. GK Wealth Management LLC bought a new stake in shares of X-Energy in the 3rd quarter valued at approximately $57,000. IFP Advisors Inc bought a new stake in X-Energy during the second quarter valued at $95,000. Silicon Valley Capital Partners bought a new position in X-Energy in the second quarter worth about $103,000. Finally, Formula Growth Ltd. bought a new stake in shares of X-Energy in the 2nd quarter worth approximately $174,000.

About X-Energy

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.