New Era Energy & Digital (NASDAQ:NUAI) Stock Rating Raised to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of New Era Energy & Digital (NASDAQ:NUAI) to a strong-buy rating in a research note released on Wednesday morning, Marketbeat Ratings reports.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. New Street Research set a $10.00 price target on New Era Energy & Digital in a research note on Tuesday, July 7th. B. Riley Financial upped their price objective on New Era Energy & Digital from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Northland Securities set a $12.00 price target on New Era Energy & Digital in a report on Tuesday, August 18th. Finally, Weiss Ratings raised New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, New Era Energy & Digital presently has an average rating of “Moderate Buy” and an average target price of $11.25.

New Era Energy & Digital Stock Performance

Shares of NUAI stock opened at $4.83 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.21 and a quick ratio of 14.21. The company’s fifty day moving average price is $5.66 and its two-hundred day moving average price is $5.10. The firm has a market capitalization of $514.68 million, a P/E ratio of -4.93 and a beta of 1.19. New Era Energy & Digital has a 12 month low of $1.55 and a 12 month high of $9.44.

New Era Energy & Digital (NASDAQ:NUAI) last announced its earnings results 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 business had revenue of $0.04 million for the quarter. On average, research analysts anticipate that New Era Energy & Digital will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On New Era Energy & Digital

Several hedge funds and other institutional investors have recently modified their holdings of NUAI. Quantbot Technologies LP bought a new stake in New Era Energy & Digital in the 2nd quarter valued at about $36,000. Legal & General Group Plc bought a new stake in shares of New Era Energy & Digital during the second quarter valued at approximately $50,000. State of Wyoming acquired a new position in shares of New Era Energy & Digital during the second quarter worth approximately $51,000. Integrated Wealth Concepts LLC bought a new position in New Era Energy & Digital in the 2nd quarter worth approximately $64,000. Finally, Cetera Investment Advisers bought a new stake in New Era Energy & Digital during the 1st quarter valued at $70,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

About New Era Energy & Digital