X-Energy (NASDAQ:XE) Reaches New 12-Month Low – Should You Sell?

X-Energy, Inc. (NASDAQ:XE)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $17.22 and last traded at $17.27, with a volume of 5089016 shares. The stock had previously closed at $18.56.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XE. TD Cowen reissued a “buy” rating on shares of X-Energy in a research report on Tuesday, June 23rd. Cantor Fitzgerald began coverage on X-Energy in a research report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 price target on the stock. Wall Street Zen downgraded X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 price objective on shares of X-Energy in a report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

X-Energy Stock Down 7.0%

The company has a 50-day simple moving average of $25.51.

Insider Transactions at X-Energy

In other news, Director Kathleen W. Hyle acquired 10,000 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the purchase, the director owned 127,640 shares in the company, valued at approximately $2,935,720. The trade was a 8.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Laura Garcia bought 1,200 shares of the stock in a transaction on Monday, April 27th. The stock was purchased at an average price 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 in the company, valued at approximately $4,526,906. This represents a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 12,300 shares of company stock valued at $282,900 in the last ninety 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.