X-Energy (NASDAQ:XE) Hits New 12-Month Low – Time to Sell?

X-Energy, Inc. (NASDAQ:XE) hit a new 52-week low on Thursday . The company traded as low as $18.00 and last traded at $18.02, with a volume of 5748395 shares. The stock had previously closed at $20.43.

Analyst Ratings Changes

XE has been the subject of a number of research analyst reports. Cantor Fitzgerald began coverage on X-Energy in a research report on Wednesday, May 20th. They set an “overweight” rating and a $38.00 price target for the company. Wall Street Zen cut shares of X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday. TD Cowen began coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $35.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Guggenheim initiated coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.57.

X-Energy Stock Performance

Insider Activity at X-Energy

In other X-Energy news, CAO Laura Garcia acquired 1,200 shares of the company’s stock in a transaction on Monday, April 27th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $27,600.00. Following the acquisition, the chief accounting officer owned 196,822 shares in the company, valued at $4,526,906. This represents a 0.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kathleen W. Hyle purchased 10,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director owned 127,640 shares of the company’s stock, valued at $2,935,720. This represents 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 quarter, insiders acquired 12,300 shares of company stock valued at $282,900.

X-Energy Company Profile

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.