Terrestrial Energy (NASDAQ:IMSR) Trading 9.8% Higher – What’s Next?

Terrestrial Energy Inc. (NASDAQ:IMSR) shares traded up 9.8% on Friday . The company traded as high as $7.59 and last traded at $7.6070. 1,507,251 shares changed hands during trading, a decline of 47% from the average session volume of 2,817,693 shares. The stock had previously closed at $6.93.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Terrestrial Energy to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Monday, May 11th. Finally, Northland Securities assumed coverage on shares of Terrestrial Energy in a research note on Thursday, January 29th. They set an “outperform” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Terrestrial Energy currently has a consensus rating of “Hold” and an average price target of $13.50.

Terrestrial Energy Price Performance

The stock’s 50-day simple moving average is $6.84. The company has a market cap of $852.52 million, a PE ratio of -80.42 and a beta of 1.85.

Terrestrial Energy (NASDAQ:IMSR) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. Sell-side analysts anticipate that Terrestrial Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of Terrestrial Energy

A number of large investors have recently bought and sold shares of the stock. Flax Pond Capital LLC bought a new stake in Terrestrial Energy in the first quarter valued at $96,000. Bank of America Corp DE grew its position in Terrestrial Energy by 96.0% in the first quarter. Bank of America Corp DE now owns 132,750 shares of the company’s stock valued at $797,000 after acquiring an additional 65,021 shares during the period. California State Teachers Retirement System bought a new stake in Terrestrial Energy in the first quarter valued at $188,000. Renaissance Technologies LLC grew its position in Terrestrial Energy by 136.1% in the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock valued at $2,449,000 after acquiring an additional 235,100 shares during the period. Finally, Yorkville Advisors Global LP bought a new stake in Terrestrial Energy in the first quarter valued at $733,000.

Terrestrial Energy Company Profile

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.