X-Energy (NASDAQ:XE) Reaches New 52-Week Low – Time to Sell?

Shares of X-Energy, Inc. (NASDAQ:XE) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $16.31 and last traded at $16.31, with a volume of 101394 shares. The stock had previously closed at $16.54.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Zacks Research raised X-Energy to a “hold” rating in a research report on Wednesday, May 20th. Wolfe Research initiated coverage on X-Energy in a research note on Tuesday, May 19th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. initiated coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price target for the company. Cantor Fitzgerald started coverage on shares of X-Energy in a report on Wednesday, May 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Price Performance

The company’s 50-day moving average is $24.78.

Insiders Place Their Bets

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

About X-Energy

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.