Terrestrial Energy Inc. (NASDAQ:IMSR) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Terrestrial Energy Inc. (NASDAQ:IMSR) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.00.

Several brokerages have weighed in on IMSR. Wall Street Zen upgraded Terrestrial Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings cut Terrestrial Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Finally, Roth Capital assumed coverage on Terrestrial Energy in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $15.00 price objective for the company.

Insiders Place Their Bets

In other Terrestrial Energy news, CEO Simon Irish purchased 16,900 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were purchased at an average cost of $3.01 per share, with a total value of $50,869.00. Following the purchase, the chief executive officer owned 2,312,834 shares in the company, valued at approximately $6,961,630.34. This represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 28.60% of the company’s stock.

Institutional Trading of Terrestrial Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IMSR. WINTON GROUP Ltd increased its stake in shares of Terrestrial Energy by 1.6% during the 2nd quarter. WINTON GROUP Ltd now owns 504,000 shares of the company’s stock valued at $3,568,000 after acquiring an additional 7,700 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Terrestrial Energy by 136.1% in the first quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock worth $2,449,000 after acquiring an additional 235,100 shares during the last quarter. FNY Investment Advisers LLC boosted its position in shares of Terrestrial Energy by 129.2% in the second quarter. FNY Investment Advisers LLC now owns 151,650 shares of the company’s stock worth $1,073,000 after acquiring an additional 85,490 shares during the last quarter. Bank of America Corp DE grew its holdings 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 purchasing an additional 65,021 shares during the period. Finally, Yorkville Advisors Global LP purchased a new stake in Terrestrial Energy in the first quarter valued at approximately $733,000.

Terrestrial Energy Stock Down 5.3%

Shares of NASDAQ:IMSR traded down $0.17 during trading on Friday, reaching $3.05. The stock had a trading volume of 1,231,395 shares, compared to its average volume of 1,685,676. The business has a fifty day moving average price of $4.63 and a 200-day moving average price of $6.03. The stock has a market cap of $323.09 million, a P/E ratio of -16.05 and a beta of 2.52. Terrestrial Energy has a fifty-two week low of $2.79 and a fifty-two week high of $27.16.

Terrestrial Energy (NASDAQ:IMSR) last announced its earnings results on Tuesday, August 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. As a group, equities analysts forecast that Terrestrial Energy will post -0.50 EPS for the current year.

About Terrestrial Energy

Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.

IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.