X-Energy (NASDAQ:XE) Sets New 52-Week Low – What’s Next?

X-Energy, Inc. (NASDAQ:XE) shares reached a new 52-week low during trading on Thursday . The company traded as low as $18.00 and last traded at $18.02, with a volume of 5748395 shares changing hands. The stock had previously closed at $20.43.

Analysts Set New Price Targets

A number of research analysts recently commented on XE shares. Morgan Stanley started coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective on the stock. Zacks Research upgraded X-Energy to a “hold” rating in a report on Wednesday, May 20th. Jefferies Financial Group started coverage on X-Energy in a report on Tuesday, May 19th. They issued a “hold” rating and a $28.00 price objective on the stock. TD Cowen started coverage on X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Wolfe Research started coverage on X-Energy in a report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, X-Energy currently has a consensus rating of “Moderate Buy” and an average target price of $39.57.

X-Energy Price Performance

Insiders Place Their Bets

In other news, CAO Laura Garcia purchased 1,200 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the completion of the purchase, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This trade represents a 0.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen W. Hyle purchased 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the purchase, the director directly owned 127,640 shares of the company’s stock, valued at $2,935,720. This represents a 8.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 12,300 shares of company stock worth $282,900 over the last 90 days.

About X-Energy

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.