Terrestrial Energy Inc. (NASDAQ:IMSR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Terrestrial Energy Inc. (NASDAQ:IMSR) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.25.

A number of brokerages recently weighed in on IMSR. Weiss Ratings downgraded shares of Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Lake Street Capital assumed coverage on shares of Terrestrial Energy in a research report on Wednesday. They issued a “buy” rating and a $15.00 price objective for the company. Wall Street Zen cut shares of Terrestrial Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Roth Capital began coverage on shares of Terrestrial Energy in a research report on Tuesday, September 22nd. They set a “buy” rating and a $15.00 price target on the stock.

Insider Transactions at Terrestrial Energy

In other news, CEO Simon Irish bought 16,900 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were acquired at an average cost of $3.01 per share, with a total value of $50,869.00. Following the completion of the transaction, the chief executive officer owned 2,312,834 shares of the company’s stock, valued at approximately $6,961,630.34. This trade represents a 0.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 28.60% of the company’s stock.

Institutional Investors Weigh In On Terrestrial Energy

Several institutional investors and hedge funds have recently modified their holdings of IMSR. Renaissance Technologies LLC raised its position in Terrestrial Energy by 136.1% in the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock worth $2,449,000 after purchasing an additional 235,100 shares during the period. Yorkville Advisors Global LP purchased a new position in shares of Terrestrial Energy during the first quarter valued at approximately $733,000. FNY Investment Advisers LLC boosted its position in shares of Terrestrial Energy by 129.2% during the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock valued at $1,073,000 after buying an additional 85,490 shares during the period. Engineers Gate Manager LP bought a new position in shares of Terrestrial Energy during the second quarter valued at approximately $583,000. Finally, Bank of America Corp DE grew its stake in shares of Terrestrial Energy by 96.0% during the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after buying an additional 65,021 shares during the last quarter.

Terrestrial Energy Price Performance

Shares of Terrestrial Energy stock opened at $2.80 on Friday. The firm has a market cap of $296.60 million, a P/E ratio of -14.74 and a beta of 2.52. The firm has a 50 day simple moving average of $4.34 and a 200 day simple moving average of $5.92. Terrestrial Energy has a fifty-two week low of $2.73 and a fifty-two week high of $21.60.

Terrestrial Energy (NASDAQ:IMSR) last announced its earnings results on Tuesday, August 11th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. On average, sell-side analysts expect that Terrestrial Energy will post -0.50 EPS for the current year.

Terrestrial Energy Company Profile

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.