X-Energy (NASDAQ:XE) Shares Up 7.5% – Time to Buy?

X-Energy, Inc. (NASDAQ:XE)’s share price was up 7.5% on Tuesday . The stock traded as high as $21.79 and last traded at $21.68. 1,018,276 shares were traded during trading, a decline of 83% from the average session volume of 5,928,790 shares. The stock had previously closed at $20.16.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XE shares. Wolfe Research started coverage on shares of X-Energy in a research report on Tuesday, May 19th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. began coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set an “overweight” rating and a $38.00 price objective on the stock. Guggenheim started coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price objective on the stock. Jefferies Financial Group started coverage on shares of X-Energy in a report on Tuesday, May 19th. They issued a “hold” rating and a $28.00 target price for the company. Finally, Zacks Research raised X-Energy to a “hold” rating in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.57.

X-Energy Stock Performance

Insider Activity

In other news, Director Kathleen W. Hyle acquired 10,000 shares of X-Energy stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average cost of $23.00 per share, with a total value of $230,000.00. Following the transaction, the director directly owned 127,640 shares of the company’s stock, valued at $2,935,720. This trade represents a 8.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CAO Laura Garcia bought 1,200 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $27,600.00. Following the purchase, the chief accounting officer owned 196,822 shares of the company’s stock, valued at approximately $4,526,906. The trade was a 0.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 12,300 shares of company stock worth $282,900 over the last quarter.

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.