Traders Buy Large Volume of Call Options on New Era Energy & Digital (NASDAQ:NUAI)

New Era Energy & Digital Inc (NASDAQ:NUAI) was the recipient of some unusual options trading on Thursday. Stock investors purchased 30,276 call options on the stock. This is an increase of 85% compared to the average volume of 16,328 call options.

Analysts Set New Price Targets

Several analysts have recently commented on NUAI shares. Northland Securities set a $12.00 price objective on shares of New Era Energy & Digital in a research report on Tuesday, August 18th. Roth Capital initiated coverage on shares of New Era Energy & Digital in a report on Wednesday. They set a “buy” rating and a $10.00 price objective for the company. Wall Street Zen downgraded shares of New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. New Street Research set a $10.00 target price on shares of New Era Energy & Digital in a report on Tuesday, July 7th. Finally, B. Riley Financial raised their price target on shares of New Era Energy & Digital from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

Hedge Funds Weigh In On New Era Energy & Digital

Hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings in shares of New Era Energy & Digital by 2,040.0% in the second quarter. State Street Corp now owns 4,179,391 shares of the company’s stock valued at $26,665,000 after acquiring an additional 3,984,091 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in New Era Energy & Digital during the second quarter worth $2,267,000. WINTON GROUP Ltd purchased a new position in New Era Energy & Digital in the second quarter worth $117,000. Integrated Wealth Concepts LLC bought a new position in New Era Energy & Digital in the 2nd quarter valued at $64,000. Finally, FirstWave Capital Management LLC bought a new position in New Era Energy & Digital in the 2nd quarter valued at $1,608,000. Institutional investors own 21.90% of the company’s stock.

New Era Energy & Digital Stock Down 9.7%

NASDAQ:NUAI traded down $0.54 during trading hours on Thursday, hitting $4.99. 9,123,849 shares of the company traded hands, compared to its average volume of 6,660,334. The company has a quick ratio of 14.21, a current ratio of 14.21 and a debt-to-equity ratio of 0.11. The company has a market cap of $531.84 million, a PE ratio of -5.09 and a beta of 1.19. The firm’s 50-day simple moving average is $5.66 and its 200-day simple moving average is $5.10. New Era Energy & Digital has a one year low of $1.55 and a one year high of $9.44.

New Era Energy & Digital (NASDAQ:NUAI) last posted its 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 during the quarter. New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. Equities analysts predict that New Era Energy & Digital will post -0.5 earnings per share for the current year.

New Era Energy & Digital Company Profile