Terrestrial Energy (NASDAQ:IMSR) Trading 7.1% Higher – Time to Buy?

Terrestrial Energy Inc. (NASDAQ:IMSR)’s stock price was up 7.1% on Thursday . The company traded as high as $7.52 and last traded at $7.6270. Approximately 595,737 shares were traded during trading, a decline of 78% from the average daily volume of 2,768,271 shares. The stock had previously closed at $7.12.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IMSR shares. Zacks Research raised shares of Terrestrial Energy to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Monday. Finally, Northland Securities started coverage on shares of Terrestrial Energy in a research note on Thursday, January 29th. They set an “outperform” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.50.

Terrestrial Energy Stock Performance

The company has a 50-day simple moving average of $6.82.

Terrestrial Energy (NASDAQ:IMSR) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.50) earnings per share (EPS) for the quarter. On average, research analysts anticipate that Terrestrial Energy Inc. will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Terrestrial Energy

A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Terrestrial Energy in the 1st quarter worth about $102,000. Swiss National Bank bought a new position in Terrestrial Energy during the first quarter worth $340,000. Finally, Yorkville Advisors Global LP acquired a new position in Terrestrial Energy during the 1st quarter worth about $733,000.

Terrestrial Energy Company Profile

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.