X-Energy (NASDAQ:XE) Hits New 1-Year Low – Here’s Why

X-Energy, Inc. (NASDAQ:XE)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $15.20 and last traded at $15.33, with a volume of 1891488 shares traded. The stock had previously closed at $15.43.

Analyst Ratings Changes

XE has been the subject of several recent analyst reports. Cantor Fitzgerald began coverage on shares of X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 target price for the company. Morgan Stanley initiated coverage on X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target for the company. UBS Group lowered their price target on X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $22.00 price objective on shares of X-Energy in a research note on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, X-Energy has an average rating of “Moderate Buy” and a consensus target price of $37.86.

X-Energy Trading Down 0.3%

The company’s 50-day moving average price is $23.43.

Insider Activity at X-Energy

In other X-Energy news, Director Kathleen W. Hyle purchased 10,000 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the director owned 127,640 shares in the company, valued at $2,935,720. This represents a 8.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Laura Garcia purchased 1,200 shares of the company’s stock in a transaction on Monday, April 27th. The stock was bought at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the acquisition, the chief accounting officer directly owned 196,822 shares of the company’s stock, valued at $4,526,906. This represents a 0.61% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 12,300 shares of company stock valued at $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.