X-Energy (NASDAQ:XE) Trading 4.9% Higher – Still a Buy?

X-Energy, Inc. (NASDAQ:XE)’s share price rose 4.9% on Tuesday . The stock traded as high as $27.06 and last traded at $26.85. Approximately 1,045,868 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 7,446,638 shares. The stock had previously closed at $25.60.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Morgan Stanley initiated coverage on shares of X-Energy in a research note on Tuesday. They issued an “overweight” rating and a $41.00 price objective on the stock. JPMorgan Chase & Co. began coverage on X-Energy in a research report on Tuesday. They issued an “overweight” rating and a $38.00 target price for the company. UBS Group started coverage on shares of X-Energy in a research note on Tuesday. They issued a “buy” rating and a $40.00 target price for the company. Wolfe Research began coverage on shares of X-Energy in a report on Tuesday. They set a “peer perform” rating for the company. Finally, Jefferies Financial Group initiated coverage on shares of X-Energy in a research note on Tuesday. They issued a “hold” rating and a $28.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, X-Energy has a consensus rating of “Moderate Buy” and an average target price of $39.83.

X-Energy Stock Up 8.3%

Insiders Place Their Bets

In other news, Director Kathleen W. Hyle purchased 10,000 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average price of $23.00 per share, with a total value of $230,000.00. Following the completion of the transaction, the director directly owned 127,640 shares of the company’s stock, valued at approximately $2,935,720. The trade was a 8.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Laura Garcia bought 1,200 shares of the business’s stock in a transaction on Monday, April 27th. The shares were acquired at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the completion of the purchase, the chief accounting officer owned 196,822 shares in the company, valued at approximately $4,526,906. The trade was a 0.61% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 12,300 shares of company stock valued at $282,900 in the last quarter.

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.