X-Energy (NASDAQ:XE) Hits New 12-Month Low – Should You Sell?

X-Energy, Inc. (NASDAQ:XE) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $21.35 and last traded at $21.40, with a volume of 2977925 shares changing hands. The stock had previously closed at $23.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wolfe Research began coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “peer perform” rating for the company. Jefferies Financial Group initiated coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued a “hold” rating and a $28.00 price target for the company. Morgan Stanley initiated coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target for the company. Wall Street Zen raised shares of X-Energy to a “hold” rating in a research report on Saturday, May 2nd. Finally, UBS Group initiated coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued a “buy” rating and a $40.00 price target for the company. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, X-Energy has a consensus rating of “Moderate Buy” and an average price target of $39.57.

X-Energy Price Performance

Insider Buying and Selling

In related news, Director Kathleen W. Hyle purchased 10,000 shares of the stock in a transaction on Monday, April 27th. The shares were bought at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the director directly owned 127,640 shares in the company, valued at approximately $2,935,720. This trade represents a 8.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Laura Garcia purchased 1,200 shares of the stock in a transaction on Monday, April 27th. The shares were bought at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the acquisition, the chief accounting officer owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. The trade was a 0.61% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 12,300 shares of company stock worth $282,900 in the last 90 days.

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.