Terra Innovatum Global S.R.L. (NASDAQ:NKLR) Stock Gets Price Target Cut from B. Riley Financial

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) had its target price trimmed by B. Riley Financial from $10.00 to $8.00 in a report published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the stock. HC Wainwright restated a “buy” rating and set a $25.00 target price on shares of Terra Innovatum Global S.R.L. in a report on Tuesday, September 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Terra Innovatum Global S.R.L. in a research report on Wednesday, October 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Terra Innovatum Global S.R.L. has an average rating of “Moderate Buy” and an average price target of $14.33.

Terra Innovatum Global S.R.L. Price Performance

NKLR stock opened at $2.22 on Wednesday. The company has a 50-day moving average of $3.85 and a two-hundred day moving average of $4.91. The stock has a market capitalization of $245.31 million and a price-to-earnings ratio of -31.71. Terra Innovatum Global S.R.L. has a 52-week low of $1.93 and a 52-week high of $8.63.

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) last issued its earnings results on Saturday, August 15th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Equities analysts expect that Terra Innovatum Global S.R.L. will post -0.20 EPS for the current fiscal year.

Hedge Funds Weigh In On Terra Innovatum Global S.R.L.

A hedge fund recently raised its stake in Terra Innovatum Global S.R.L. stock. Bank of America Corp DE increased its holdings in Terra Innovatum Global S.R.L. (NASDAQ:NKLR) by 112,716.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,538 shares of the company’s stock after purchasing an additional 13,526 shares during the period. Bank of America Corp DE’s holdings in Terra Innovatum Global S.R.L. were worth $63,000 as of its most recent SEC filing.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global S.R.L. is a nuclear technology company focused on the development of small modular reactors (SMRs). The company is working to create compact nuclear power systems that can be manufactured, transported and deployed in locations where conventional large-scale nuclear facilities may be impractical.

Its principal development project is the DOME SMR, a small-scale reactor concept intended to provide reliable, low-carbon electricity for commercial and industrial applications.