Roth Capital Initiates Coverage on New Era Energy & Digital (NASDAQ:NUAI)

Equities researchers at Roth Capital started coverage on shares of New Era Energy & Digital (NASDAQ:NUAI) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.

A number of other research analysts have also commented on the stock. B. Riley Financial lifted their price objective on shares of New Era Energy & Digital from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Northland Securities set a $12.00 target price on shares of New Era Energy & Digital in a research note on Tuesday, August 18th. New Street Research set a $10.00 price target on New Era Energy & Digital in a report on Tuesday, July 7th. Wall Street Zen cut New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

New Era Energy & Digital Price Performance

Shares of NUAI opened at $4.83 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.21 and a quick ratio of 14.21. New Era Energy & Digital has a 1-year low of $1.55 and a 1-year high of $9.44. The stock has a market cap of $514.68 million, a PE ratio of -4.93 and a beta of 1.19. The firm has a fifty day moving average price of $5.66 and a 200 day moving average price of $5.10.

New Era Energy & Digital (NASDAQ:NUAI) last announced its earnings results on Friday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). New Era Energy & Digital had a negative net margin of 4,388.71% and a negative return on equity of 121.41%. The firm had revenue of $0.04 million during the quarter. As a group, sell-side analysts anticipate that New Era Energy & Digital will post -0.5 EPS for the current year.

Institutional Investors Weigh In On New Era Energy & Digital

A number of institutional investors have recently added to or reduced their stakes in NUAI. State Street Corp raised its stake in shares of New Era Energy & Digital by 2,040.0% during the 2nd quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after buying an additional 3,984,091 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of New Era Energy & Digital in the second quarter valued at approximately $2,267,000. WINTON GROUP Ltd acquired a new position in New Era Energy & Digital during the second quarter worth $117,000. Integrated Wealth Concepts LLC purchased a new position in New Era Energy & Digital in the second quarter worth $64,000. Finally, FirstWave Capital Management LLC purchased a new position in New Era Energy & Digital in the second quarter worth $1,608,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

New Era Energy & Digital Company Profile