X-Energy (NASDAQ:XE) Trading Down 9.3% – Time to Sell?

X-Energy, Inc. (NASDAQ:XE)’s stock price traded down 9.3% during trading on Tuesday . The stock traded as low as $16.36 and last traded at $16.62. Approximately 2,936,850 shares were traded during mid-day trading, a decline of 49% from the average session volume of 5,765,576 shares. The stock had previously closed at $18.32.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XE shares. Guggenheim began coverage on shares of X-Energy in a report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price target on the stock. Wolfe Research started coverage on X-Energy in a report on Tuesday, May 19th. They issued a “peer perform” rating for the company. Morgan Stanley assumed coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 target price on shares of X-Energy in a research note on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Stock Down 8.7%

The company’s 50-day simple moving average is $25.03.

Insider Activity at X-Energy

In related news, CAO Laura Garcia purchased 1,200 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of $23.00 per share, with a total value of $27,600.00. Following the completion of the acquisition, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. The trade was a 0.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathleen W. Hyle acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were bought 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 owned 127,640 shares in the company, valued at $2,935,720. This trade represents a 8.50% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 12,300 shares of company stock worth $282,900.

X-Energy Company Profile

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.