Terrestrial Energy (NASDAQ:IMSR) Rating Lowered to Strong Sell at Wall Street Zen

Terrestrial Energy (NASDAQ:IMSR) was downgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, Wall Street Zen reports.

IMSR has been the topic of a number of other reports. Lake Street Capital started coverage on Terrestrial Energy in a report on Wednesday, October 21st. They set a “buy” rating and a $15.00 target price on the stock. Weiss Ratings downgraded Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Finally, Roth Capital initiated coverage on Terrestrial Energy in a report on Tuesday, September 22nd. They set a “buy” rating and a $15.00 price target for the company. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Terrestrial Energy Price Performance

NASDAQ:IMSR opened at $2.80 on Friday. The stock’s 50 day moving average price is $4.34 and its two-hundred day moving average price is $5.92. The firm has a market capitalization of $296.60 million, a price-to-earnings ratio of -14.74 and a beta of 2.52. Terrestrial Energy has a 12-month low of $2.73 and a 12-month high of $21.60.

Terrestrial Energy (NASDAQ:IMSR) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Equities research analysts expect that Terrestrial Energy will post -0.50 EPS for the current year.

Insider Activity at Terrestrial Energy

In related news, CEO Simon Irish purchased 16,900 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were acquired at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the purchase, the chief executive officer owned 2,312,834 shares in the company, valued at approximately $6,961,630.34. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 28.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. WINTON GROUP Ltd lifted its position in Terrestrial Energy by 1.6% during the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock worth $3,568,000 after acquiring an additional 7,700 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Terrestrial Energy by 136.1% in the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after purchasing an additional 235,100 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of Terrestrial Energy by 129.2% in the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock valued at $1,073,000 after purchasing an additional 85,490 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Terrestrial Energy by 96.0% during the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock worth $797,000 after purchasing an additional 65,021 shares during the period. Finally, Yorkville Advisors Global LP bought a new position in shares of Terrestrial Energy during the first quarter worth approximately $733,000.

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.