X-Energy, Inc. (NASDAQ:XE) Receives Consensus Rating of “Moderate Buy” from Brokerages

X-Energy, Inc. (NASDAQ:XE) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $37.8571.

Several research firms recently weighed in on XE. Guggenheim assumed coverage on X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price objective for the company. Jefferies Financial Group restated a “hold” rating and set a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. Wall Street Zen lowered shares of X-Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, Cantor Fitzgerald assumed coverage on shares of X-Energy in a research report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 price target for the company.

X-Energy Trading Down 9.7%

XE stock opened at $16.54 on Wednesday. X-Energy has a fifty-two week low of $16.35 and a fifty-two week high of $37.10. The stock’s 50 day moving average price is $24.78.

Insider Buying and Selling

In related news, CAO Laura Garcia purchased 1,200 shares of the business’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 $27,600.00. Following the purchase, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. This represents a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen W. Hyle acquired 10,000 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, with a total value of $230,000.00. Following the transaction, the director owned 127,640 shares in the company, valued at $2,935,720. This represents a 8.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 12,300 shares of company stock valued at $282,900 in the last ninety days.

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.