New Era Energy & Digital (NASDAQ:NUAI) Given New $17.00 Price Target at Roth Capital

New Era Energy & Digital (NASDAQ:NUAI) had its price objective upped by investment analysts at Roth Capital from $7.00 to $17.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Capital‘s price objective suggests a potential upside of 463.85% from the company’s previous close.

NUAI has been the subject of a number of other reports. Alliance Global Partners assumed coverage on shares of New Era Energy & Digital in a research report on Thursday, November 5th. They set a “buy” rating and a $6.00 price target for the company. Northland Securities set a $12.00 price objective on New Era Energy & Digital in a research report on Tuesday, August 18th. B. Riley Financial dropped their price objective on New Era Energy & Digital from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Wall Street Zen cut New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of New Era Energy & Digital in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

New Era Energy & Digital Price Performance

NUAI stock opened at $3.02 on Friday. The firm has a 50 day moving average of $4.57 and a 200-day moving average of $4.86. The firm has a market capitalization of $353.63 million, a P/E ratio of -3.06 and a beta of 1.30. New Era Energy & Digital has a 12 month low of $1.57 and a 12 month high of $9.44. The company has a current ratio of 14.21, a quick ratio of 14.21 and a debt-to-equity ratio of 0.11.

New Era Energy & Digital (NASDAQ:NUAI) last posted its earnings results on Thursday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. The firm had revenue of $0.15 million for the quarter. As a group, sell-side analysts predict that New Era Energy & Digital will post -0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at New Era Energy & Digital

In other news, major shareholder Kent C. Mccarthy sold 4,090,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $3.61, for a total value of $14,764,900.00. Following the transaction, the insider owned 5,460,000 shares in the company, valued at approximately $19,710,600. This trade represents a 42.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On New Era Energy & Digital

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in New Era Energy & Digital in the 2nd quarter worth $36,000. Legal & General Group Plc bought a new stake in shares of New Era Energy & Digital in the second quarter worth about $50,000. State of Wyoming purchased a new position in New Era Energy & Digital during the 2nd quarter valued at about $51,000. Integrated Wealth Concepts LLC bought a new position in New Era Energy & Digital during the 2nd quarter valued at approximately $64,000. Finally, Jefferies Financial Group Inc. bought a new position in New Era Energy & Digital during the 3rd quarter valued at approximately $98,000. Institutional investors own 21.90% of the company’s stock.

About New Era Energy & Digital

New Era Energy & Digital, Inc. develops energy and digital infrastructure, with a strategic focus on data center projects supported by power generation and related energy resources. Its plans are aimed at serving the electricity and infrastructure needs of data-intensive computing, including artificial intelligence and high-performance computing. The company’s roots are in New Era Helium, which pursued helium and natural gas exploration and development in the Permian Basin of Texas. It has since shifted its emphasis toward integrating energy development with large-scale digital infrastructure.