New Era Energy & Digital Inc (NASDAQ:NUAI) Stock Has Consensus Target Price of $9.60 According to Brokerages

New Era Energy & Digital Inc (NASDAQ:NUAI) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.60.

Several research firms recently commented on NUAI. Weiss Ratings upgraded shares of New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Roth Capital began coverage on shares of New Era Energy & Digital in a report on Wednesday, October 7th. They issued a “buy” rating and a $10.00 price target on the stock. Northland Securities set a $12.00 price objective on shares of New Era Energy & Digital in a research note on Tuesday, August 18th. B. Riley Financial cut their price objective on New Era Energy & Digital from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Finally, Wall Street Zen lowered New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st.

Insider Buying and Selling at New Era Energy & Digital

In other news, major shareholder Kent C. Mccarthy sold 4,090,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $3.61, for a total value of $14,764,900.00. Following the completion of the transaction, the insider directly owned 5,460,000 shares of the company’s stock, valued at $19,710,600. The trade was a 42.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of New Era Energy & Digital

A number of large investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in New Era Energy & Digital in the 2nd quarter valued at about $36,000. Legal & General Group Plc acquired a new position in shares of New Era Energy & Digital during the 2nd quarter valued at about $50,000. State of Wyoming acquired a new position in shares of New Era Energy & Digital during the 2nd quarter valued at about $51,000. Integrated Wealth Concepts LLC purchased a new position in shares of New Era Energy & Digital during the 2nd quarter worth about $64,000. Finally, Cetera Investment Advisers purchased a new position in shares of New Era Energy & Digital during the 1st quarter worth about $70,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

New Era Energy & Digital Trading Up 12.6%

Shares of NUAI opened at $2.33 on Monday. New Era Energy & Digital has a twelve month low of $1.57 and a twelve 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 firm has a market capitalization of $273.29 million, a P/E ratio of -2.38 and a beta of 1.30. The firm’s 50-day moving average is $4.61 and its two-hundred day moving average is $4.88.

New Era Energy & Digital (NASDAQ:NUAI) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.21) 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, research analysts predict that New Era Energy & Digital will post -0.59 earnings per share for the current fiscal year.

About New Era Energy & Digital

New Era Energy & Digital, Inc. develops energy and digital infrastructure, with a strategic focus on data center projects supported by power generation and related energy resources. Its plans are aimed at serving the electricity and infrastructure needs of data-intensive computing, including artificial intelligence and high-performance computing. The company’s roots are in New Era Helium, which pursued helium and natural gas exploration and development in the Permian Basin of Texas. It has since shifted its emphasis toward integrating energy development with large-scale digital infrastructure.