Key Points
- Director Charles Pardee bought 7,500 Terrestrial Energy shares at an average price of $2.95, investing $22,125 and more than doubling his direct ownership to 14,258 shares.
- IMSR opened at $3.22, near its one-year low of $2.79 and well below its 50-day and 200-day moving averages of $4.69 and $6.05, respectively.
- Analyst sentiment is mixed, with a consensus “Hold” rating and a $14 average price target; the company also modestly beat quarterly EPS expectations, reporting a loss of $0.09 versus the anticipated $0.10 loss.
Terrestrial Energy Inc. (NASDAQ:IMSR - Get Free Report) Director Charles Pardee purchased 7,500 shares of the firm's stock in a transaction dated Wednesday, October 14th. The shares were purchased at an average cost of $2.95 per share, for a total transaction of $22,125.00. Following the purchase, the director directly owned 14,258 shares in the company, valued at approximately $42,061.10. This represents a 110.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Terrestrial Energy Stock Performance
IMSR opened at $3.22 on Friday. The stock's 50 day simple moving average is $4.69 and its 200 day simple moving average is $6.05. Terrestrial Energy Inc. has a 1-year low of $2.79 and a 1-year high of $29.95.
Terrestrial Energy (NASDAQ:IMSR - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. On average, equities analysts expect that Terrestrial Energy Inc. will post -0.50 EPS for the current year.
Analyst Ratings Changes
Several research firms have weighed in on IMSR. Wall Street Zen raised Terrestrial Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Roth Capital started coverage on Terrestrial Energy in a research note on Tuesday, September 22nd. They set a "buy" rating and a $15.00 price target for the company. Finally, Weiss Ratings lowered shares of Terrestrial Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $14.00.
Read Our Latest Report on IMSR
Institutional Trading of Terrestrial Energy
Institutional investors and hedge funds have recently modified their holdings of the business. Valeo Financial Advisors LLC purchased a new position in shares of Terrestrial Energy during the 3rd quarter worth approximately $58,000. SkyView Investment Advisors LLC purchased a new stake in Terrestrial Energy in the 2nd quarter valued at approximately $27,000. WINTON GROUP Ltd lifted its stake in Terrestrial Energy by 1.6% in the 2nd quarter. WINTON GROUP Ltd now owns 504,000 shares of the company's stock valued at $3,568,000 after buying an additional 7,700 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Terrestrial Energy during the 2nd quarter valued at $583,000. Finally, Bank of New York Mellon Corp acquired 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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