New Era Energy & Digital Inc (NASDAQ:NUAI) Stock Has Average Target Price of $11.25

New Era Energy & Digital Inc (NASDAQ:NUAI – Get Free Report) has received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.25.

A number of research firms recently commented on NUAI. Roth Capital initiated coverage on New Era Energy & Digital in a research note on Wednesday, October 7th. They issued a “buy” rating and a $10.00 target price on the stock. 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. B. Riley Financial lifted their price target on New Era Energy & Digital from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Northland Securities set a $12.00 price objective on New Era Energy & Digital in a report on Tuesday, August 18th. Finally, New Street Research set a $10.00 price objective on New Era Energy & Digital in a report on Tuesday, July 7th.

Check Out Our Latest Stock Report on NUAI

Insider Buying and Selling at New Era Energy & Digital

In related news, major shareholder Kent C. Mccarthy sold 4,090,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $3.61, for a total value of $14,764,900.00. Following the completion of the sale, the insider owned 5,460,000 shares in the company, valued at $19,710,600. The trade was a 42.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.07% of the company’s stock.

Institutional Trading of New Era Energy & Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of New Era Energy & Digital during the second quarter worth approximately $45,986,000. State Street Corp lifted its holdings in shares of New Era Energy & Digital by 2,040.0% in the 2nd quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after acquiring an additional 3,984,091 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of New Era Energy & Digital in the 2nd quarter worth approximately $10,927,000. First Trust Advisors LP boosted its stake in shares of New Era Energy & Digital by 113.5% in the 1st quarter. First Trust Advisors LP now owns 1,614,504 shares of the company’s stock valued at $6,555,000 after purchasing an additional 858,329 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of New Era Energy & Digital in the 2nd quarter valued at $2,267,000. Hedge funds and other institutional investors own 21.90% of the company’s stock.

New Era Energy & Digital Stock Performance

New Era Energy & Digital stock opened at $3.11 on Thursday. The firm’s fifty day moving average price is $5.51 and its 200-day moving average price is $5.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21. The stock has a market cap of $331.40 million, a P/E ratio of -3.17 and a beta of 1.19. New Era Energy & Digital has a fifty-two week low of $2.01 and a fifty-two week high of $9.44.

New Era Energy & Digital (NASDAQ:NUAI – Get Free Report) last posted its quarterly earnings data 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 return on equity of 121.41% and a negative net margin of 4,388.71%. The company had revenue of $0.04 million for the quarter. On average, equities research analysts expect that New Era Energy & Digital will post -0.58 earnings per share for the current fiscal year.

New Era Energy & Digital Company Profile

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Analyst Recommendations for New Era Energy & Digital (NASDAQ:NUAI)

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