Key Points
- CEO Simon Irish purchased 16,900 shares of Terrestrial Energy at an average price of $3.01, investing $50,869 and increasing his direct ownership to 2,312,834 shares.
- Terrestrial Energy shares opened at $2.94, down 5.5%, and remain well below their 50-day and 200-day moving averages; the stock has traded between $2.79 and $31.50 over the past year.
- Analysts have an average “Hold” rating and a $14.00 price target, while the company reported quarterly EPS of negative $0.09, beating estimates by $0.01.
Terrestrial Energy Inc. (NASDAQ:IMSR - Get Free Report) CEO Simon Irish acquired 16,900 shares of Terrestrial Energy stock in a transaction on Tuesday, October 13th. The shares were purchased at an average price of $3.01 per share, for a total transaction of $50,869.00. Following the completion of the acquisition, the chief executive officer directly owned 2,312,834 shares in the company, valued at $6,961,630.34. This trade represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Terrestrial Energy Stock Down 5.5%
Shares of NASDAQ IMSR opened at $2.94 on Thursday. The business has a fifty day simple moving average of $4.73 and a two-hundred day simple moving average of $6.07. Terrestrial Energy Inc. has a twelve month low of $2.79 and a twelve month high of $31.50.
Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. As a group, sell-side analysts expect that Terrestrial Energy Inc. will post -0.50 EPS for the current year.
Wall Street Analysts Forecast Growth
IMSR has been the subject of several recent research reports. Roth Capital assumed coverage on Terrestrial Energy in a report on Tuesday, September 22nd. They issued a "buy" rating and a $15.00 price objective for the company. Wall Street Zen raised shares of Terrestrial Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings cut shares of Terrestrial Energy from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Terrestrial Energy presently has an average rating of "Hold" and an average price target of $14.00.
Check Out Our Latest Research Report on IMSR
Hedge Funds Weigh In On Terrestrial Energy
A number of hedge funds and other institutional investors have recently modified their holdings of IMSR. Valeo Financial Advisors LLC purchased a new position in Terrestrial Energy during the third quarter valued at approximately $58,000. SkyView Investment Advisors LLC purchased a new stake in Terrestrial Energy during the second quarter worth $27,000. WINTON GROUP Ltd lifted its holdings in Terrestrial Energy by 1.6% during the second quarter. WINTON GROUP Ltd now owns 504,000 shares of the company's stock worth $3,568,000 after buying an additional 7,700 shares during the period. Engineers Gate Manager LP purchased a new stake in Terrestrial Energy during the second quarter worth $583,000. Finally, Bank of New York Mellon Corp bought a new stake in Terrestrial Energy during the 2nd quarter valued at $120,000.
Terrestrial Energy Company Profile
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Get Free Report)
Terrestrial Energy (Nasdaq: IMSR) is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR). The IMSR captures the operating benefits of molten salt reactor technology in a plant design that prioritizes capital efficiency, cost reduction, versatility and functionality of nuclear energy supply.
IMSR plants are designed to be small and modular for distributed supply of low-cost, reliable, dispatchable, clean, high-temperature industrial heat and electricity, extending the application of nuclear energy beyond electric power markets to industrial applications such as petrochemical and chemical synthesis and data center operation.
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