Terrestrial Energy (NASDAQ:IMSR) Stock Price Down 8.9% – Should You Sell?

Terrestrial Energy Inc. (NASDAQ:IMSR) shares traded down 8.9% during trading on Wednesday . The company traded as low as $8.72 and last traded at $8.75. 2,013,349 shares changed hands during trading, a decline of 31% from the average session volume of 2,934,988 shares. The stock had previously closed at $9.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.50.

Terrestrial Energy Trading Down 0.5%

The company has a fifty day simple moving average of $7.27. The firm has a market cap of $924.77 million, a P/E ratio of -87.30 and a beta of 2.08.

Terrestrial Energy (NASDAQ:IMSR) last announced its earnings results on Monday, March 30th. The company reported ($0.50) EPS for the quarter. As a group, sell-side analysts forecast that Terrestrial Energy Inc. will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Flax Pond Capital LLC bought a new position in Terrestrial Energy in the 1st quarter worth approximately $96,000. Bank of New York Mellon Corp bought a new position in Terrestrial Energy in the 1st quarter worth approximately $102,000. California State Teachers Retirement System bought a new position in Terrestrial Energy in the 1st quarter worth approximately $188,000. Swiss National Bank bought a new position in Terrestrial Energy in the 1st quarter worth approximately $340,000. Finally, Yorkville Advisors Global LP bought a new position in Terrestrial Energy in the 1st quarter worth approximately $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.