Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Announces Quarterly Earnings Results

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) posted its quarterly earnings data on Friday. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, Zacks reports.

Terra Innovatum Global S.R.L. Stock Down 0.8%

Shares of Terra Innovatum Global S.R.L. stock traded down $0.05 during trading hours on Friday, reaching $6.09. 129,005 shares of the company’s stock were exchanged, compared to its average volume of 498,343. Terra Innovatum Global S.R.L. has a 1 year low of $3.73 and a 1 year high of $21.91. The company has a market capitalization of $672.95 million and a P/E ratio of -203.00. The business has a fifty day moving average of $5.15 and a two-hundred day moving average of $5.18.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded Terra Innovatum Global S.R.L. from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings cut shares of Terra Innovatum Global S.R.L. from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 16th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $25.00 price objective on shares of Terra Innovatum Global S.R.L. in a report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.50.

Hedge Funds Weigh In On Terra Innovatum Global S.R.L.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Magnetar Financial LLC purchased a new stake in Terra Innovatum Global S.R.L. during the 4th quarter valued at about $4,064,000. Vennlight Capital Management LP purchased a new position in Terra Innovatum Global S.R.L. in the 4th quarter worth approximately $2,872,000. Hudson Bay Capital Management LP purchased a new position in Terra Innovatum Global S.R.L. in the 4th quarter worth approximately $1,477,000. AQR Arbitrage LLC acquired a new position in shares of Terra Innovatum Global S.R.L. during the 4th quarter worth approximately $859,000. Finally, Hatch Cove Capital LLC acquired a new position in shares of Terra Innovatum Global S.R.L. during the 4th quarter worth approximately $799,000.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.