New Era Energy & Digital Inc (NASDAQ:NUAI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

New Era Energy & Digital Inc (NASDAQ:NUAI) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.67.

Several research firms have weighed in on NUAI. Wall Street Zen cut New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. New Street Research set a $10.00 price target on New Era Energy & Digital in a research note on Tuesday, July 7th. Northland Securities set a $12.00 price target on New Era Energy & Digital in a report on Tuesday, August 18th. B. Riley Financial assumed coverage on New Era Energy & Digital in a research report on Tuesday, July 7th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Weiss Ratings raised New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th.

New Era Energy & Digital Price Performance

Shares of NASDAQ:NUAI opened at $7.06 on Friday. The firm has a 50 day moving average of $5.45 and a 200-day moving average of $5.03. New Era Energy & Digital has a 12 month low of $1.47 and a 12 month high of $9.44. The company has a current ratio of 14.21, a quick ratio of 14.21 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $752.31 million, a PE ratio of -7.20 and a beta of 1.24.

New Era Energy & Digital (NASDAQ:NUAI) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The firm had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. On average, equities research analysts predict that New Era Energy & Digital will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NUAI. BlackRock Inc. acquired a new stake in shares of New Era Energy & Digital in the 2nd quarter valued at approximately $45,986,000. State Street Corp increased its position in New Era Energy & Digital by 2,040.0% during the 2nd quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after purchasing an additional 3,984,091 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in New Era Energy & Digital in the 2nd quarter valued at approximately $10,927,000. UBS Group AG bought a new position in New Era Energy & Digital in the 4th quarter valued at approximately $3,584,000. Finally, First Trust Advisors LP lifted its stake in New Era Energy & Digital by 113.5% in the 1st quarter. First Trust Advisors LP now owns 1,614,504 shares of the company’s stock valued at $6,555,000 after purchasing an additional 858,329 shares during the last quarter. Institutional investors own 21.90% of the company’s stock.

New Era Energy & Digital Company Profile

New Era Energy & Digital, Inc (NASDAQ: NUAI) is an energy and digital-infrastructure company focused on developing and operating assets that connect energy production with data-intensive computing. The company’s activities have included energy projects and digital infrastructure initiatives, including facilities intended to support data centers, high-performance computing and cryptocurrency mining.

The company was formerly known as New Era Helium, Inc, reflecting its earlier focus on helium-related opportunities.