X-Energy, Inc. (NASDAQ:XE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of X-Energy, Inc. (NASDAQ:XE) have earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.25.

XE has been the topic of several research analyst reports. Weiss Ratings started coverage on X-Energy in a research note on Monday, July 20th. They set a “sell (d)” rating on the stock. UBS Group lowered their price objective on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Piper Sandler began coverage on shares of X-Energy in a research report on Tuesday, September 8th. They issued an “underweight” rating and a $9.00 target price for the company. Guggenheim restated a “buy” rating and set a $57.00 price target on shares of X-Energy in a report on Tuesday, September 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price objective on shares of X-Energy in a research report on Friday, August 14th.

X-Energy Price Performance

XE opened at $15.08 on Monday. The stock has a market capitalization of $6.13 billion and a price-to-earnings ratio of -100.53. The firm has a fifty day simple moving average of $17.65. X-Energy has a 12-month low of $13.29 and a 12-month high of $37.10.

X-Energy (NASDAQ:XE) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $54.60 million during the quarter. The company’s revenue was up 154.0% on a year-over-year basis. On average, equities analysts expect that X-Energy will post -0.67 earnings per share for the current year.

Institutional Investors Weigh In On X-Energy

Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc bought a new stake in shares of X-Energy in the 2nd quarter valued at approximately $95,000. Silicon Valley Capital Partners acquired a new stake in X-Energy in the second quarter valued at approximately $103,000. Formula Growth Ltd. bought a new stake in X-Energy in the second quarter worth approximately $174,000. AXQ Capital LP acquired a new position in shares of X-Energy during the 2nd quarter worth $188,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of X-Energy during the 2nd quarter valued at $221,000.

X-Energy Company Profile

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.