X-Energy (NASDAQ:XE) Stock Price Down 8.5% – Time to Sell?

Shares of X-Energy, Inc. (NASDAQ:XE) fell 8.5% during trading on Monday . The stock traded as low as $20.66 and last traded at $20.72. Approximately 967,845 shares were traded during trading, a decline of 83% from the average daily volume of 5,693,943 shares. The stock had previously closed at $22.65.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen downgraded X-Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Guggenheim assumed coverage on shares of X-Energy in a research report on Tuesday, May 19th. They set a “buy” rating and a $57.00 price target for the company. JPMorgan Chase & Co. assumed 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 on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $22.00 price objective on shares of X-Energy in a research report on Wednesday, June 24th. Finally, Morgan Stanley began coverage on X-Energy in a research report on Tuesday, May 19th. They set an “overweight” rating and a $41.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, X-Energy has an average rating of “Moderate Buy” and a consensus price target of $37.86.

X-Energy Stock Down 0.3%

The firm has a 50-day simple moving average of $18.46.

Institutional Trading of X-Energy

An institutional investor recently bought a new position in X-Energy stock. Bank of New York Mellon Corp acquired a new position in shares of X-Energy, Inc. (NASDAQ:XE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 68,126 shares of the company’s stock, valued at approximately $1,251,000.

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.