Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Trading Down 8.2% – Here’s Why

Terra Innovatum Global S.R.L. (NASDAQ:NKLR)’s stock price dropped 8.2% during mid-day trading on Thursday . The stock traded as low as $3.89 and last traded at $3.91. Approximately 586,215 shares were traded during trading, a decline of 19% from the average daily volume of 722,643 shares. The stock had previously closed at $4.26.

Analysts Set New Price Targets

NKLR has been the topic of a number of research reports. Wall Street Zen lowered Terra Innovatum Global S.R.L. to a “strong sell” rating in a research report on Sunday, December 28th. Weiss Ratings started coverage on Terra Innovatum Global S.R.L. in a research note on Friday, December 26th. They issued a “sell (e+)” rating for the company. Finally, HC Wainwright initiated coverage on shares of Terra Innovatum Global S.R.L. in a research report on Tuesday, December 30th. They set a “buy” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

Terra Innovatum Global S.R.L. Stock Performance

Institutional Investors Weigh In On Terra Innovatum Global S.R.L.

Institutional investors have recently modified their holdings of the company. KLCM Advisors Inc. bought a new position in Terra Innovatum Global S.R.L. during the fourth quarter worth $46,000. Symmetry Partners LLC acquired a new stake in Terra Innovatum Global S.R.L. during the 4th quarter worth about $61,000. Edge Financial Advisors LLC bought a new position in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth about $63,000. May Hill Capital LLC acquired a new position in shares of Terra Innovatum Global S.R.L. in the 4th quarter valued at about $80,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Terra Innovatum Global S.R.L. during the 4th quarter valued at about $107,000.

About Terra Innovatum Global S.R.L.

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.