New Era Energy & Digital Inc (NASDAQ:NUAI) Stock Has Consensus Price Target of $11.25

New Era Energy & Digital Inc (NASDAQ:NUAI) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.25.

Several brokerages recently weighed in on NUAI. Roth Capital started coverage on New Era Energy & Digital in a report on Wednesday, October 7th. They issued a “buy” rating and a $10.00 price objective for the company. Northland Securities set a $12.00 target price on New Era Energy & Digital in a report on Tuesday, August 18th. Wall Street Zen downgraded New Era Energy & Digital from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Weiss Ratings upgraded New Era Energy & Digital from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Finally, New Street Research set a $10.00 price target on New Era Energy & Digital in a report on Tuesday, July 7th.

New Era Energy & Digital Stock Performance

NUAI opened at $3.32 on Thursday. The company has a 50-day moving average of $5.37 and a 200-day moving average of $5.05. New Era Energy & Digital has a 1-year low of $2.01 and a 1-year high of $9.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 14.21 and a quick ratio of 14.21.

New Era Energy & Digital (NASDAQ:NUAI) last issued 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 net margin of 4,388.71% and a negative return on equity of 121.41%. The company had revenue of $0.04 million during the quarter. As a group, analysts forecast that New Era Energy & Digital will post -0.58 EPS for the current year.

Insider Activity

In related news, major shareholder Kent C. Mccarthy sold 4,090,000 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $3.61, for a total transaction of $14,764,900.00. Following the transaction, the insider directly owned 5,460,000 shares in the company, valued at $19,710,600. This trade represents a 42.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.07% of the company’s stock.

Hedge Funds Weigh In On New Era Energy & Digital

A number of hedge funds have recently added to or reduced their stakes in NUAI. State Street Corp lifted its position in shares of New Era Energy & Digital by 2,040.0% in the 2nd quarter. State Street Corp now owns 4,179,391 shares of the company’s stock worth $26,665,000 after buying an additional 3,984,091 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of New Era Energy & Digital in the 2nd quarter valued at about $2,267,000. WINTON GROUP Ltd bought a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at about $117,000. Integrated Wealth Concepts LLC bought a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at about $64,000. Finally, FirstWave Capital Management LLC bought a new stake in shares of New Era Energy & Digital during the 2nd quarter valued at about $1,608,000. Institutional investors and hedge funds own 21.90% of the company’s stock.

New Era Energy & Digital Company Profile