New Era Energy & Digital (NASDAQ:NUAI) Stock: Insider Kent Mccarthy Acquires 250,000 Shares

New Era Energy & Digital Inc (NASDAQ:NUAI) major shareholder Kent Mccarthy bought 250,000 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were bought at an average price of $4.77 per share, with a total value of $1,192,500.00. Following the completion of the transaction, the insider owned 9,550,000 shares in the company, valued at approximately $45,553,500. This trade represents a 2.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

New Era Energy & Digital Price Performance

NUAI opened at $3.33 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.21 and a quick ratio of 14.21. New Era Energy & Digital Inc has a 52-week low of $2.01 and a 52-week high of $9.44. The business’s fifty day moving average is $5.55 and its 200-day moving average is $5.08.

New Era Energy & Digital (NASDAQ:NUAI) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). New Era Energy & Digital had a negative net margin of 4,388.71% and a negative return on equity of 121.41%. The company had revenue of $0.04 million during the quarter. Sell-side analysts forecast that New Era Energy & Digital Inc will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. New Street Research set a $10.00 price target on shares of New Era Energy & Digital in a report on Tuesday, July 7th. Roth Capital started coverage on shares of New Era Energy & Digital in a research report on Wednesday, October 7th. They set a “buy” rating and a $10.00 price target on the stock. 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. Finally, B. Riley Financial upped their target price on New Era Energy & Digital from $10.00 to $13.00 and gave the stock a “buy” rating in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat, New Era Energy & Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

Institutional Trading of New Era Energy & Digital

Several large investors have recently bought and sold shares of NUAI. BlackRock Inc. acquired a new position in New Era Energy & Digital during the second quarter worth about $45,986,000. State Street Corp lifted 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 worth $26,665,000 after acquiring an additional 3,984,091 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of New Era Energy & Digital in the second quarter worth about $10,927,000. First Trust Advisors LP boosted its stake in shares of New Era Energy & Digital by 113.5% in the 1st quarter. First Trust Advisors LP now owns 1,614,504 shares of the company’s stock valued at $6,555,000 after purchasing an additional 858,329 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of New Era Energy & Digital in the 2nd quarter valued at approximately $2,267,000. 21.90% of the stock is owned by institutional investors and hedge funds.

New Era Energy & Digital Company Profile