Key Points
- Major shareholder Kent McCarthy bought 250,000 NUAI shares at an average price of $4.77, investing $1.19 million and increasing his position by 2.69% to 9.55 million shares.
- New Era Energy & Digital shares were trading down 20.5%, while the company recently reported a quarterly loss of $0.21 per share versus the $0.09 expected loss and generated only $0.04 million in revenue.
- Analysts maintain a Moderate Buy consensus with an average price target of $11.25, and institutional ownership stands at 21.9% after significant buying by State Street and other investors.
New Era Energy & Digital Inc (NASDAQ:NUAI - Get Free Report) major shareholder Kent Mccarthy acquired 250,000 shares of the stock in a transaction on Friday, October 9th. The shares were acquired at an average cost of $4.77 per share, for a total transaction of $1,192,500.00. Following the completion of the transaction, the insider directly owned 9,550,000 shares in the company, valued at $45,553,500. The trade was a 2.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
New Era Energy & Digital Trading Down 20.5%
NASDAQ NUAI opened at $3.41 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21. The firm has a market cap of $363.37 million, a PE ratio of -3.48 and a beta of 1.19. New Era Energy & Digital Inc has a one year low of $2.01 and a one year high of $9.44. The firm's fifty day moving average is $5.59 and its two-hundred day moving average is $5.09.
New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. The business had revenue of $0.04 million for the quarter. Analysts expect that New Era Energy & Digital Inc will post -0.58 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have weighed in on NUAI. Northland Securities set a $12.00 price objective on New Era Energy & Digital in a research report on Tuesday, August 18th. Roth Capital initiated coverage on New Era Energy & Digital in a report on Wednesday, October 7th. They issued a "buy" rating and a $10.00 target price on the stock. Weiss Ratings upgraded New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. New Street Research set a $10.00 price target on New Era Energy & Digital in a report on Tuesday, July 7th. Finally, B. Riley Financial increased their price target on New Era Energy & Digital from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.25.
Get Our Latest Report on NUAI
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in New Era Energy & Digital by 2,040.0% in the second quarter. State Street Corp now owns 4,179,391 shares of the company's stock valued at $26,665,000 after purchasing an additional 3,984,091 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in New Era Energy & Digital in the 2nd quarter valued at approximately $2,267,000. WINTON GROUP Ltd acquired a new position in New Era Energy & Digital during the 2nd quarter worth approximately $117,000. Integrated Wealth Concepts LLC acquired a new position in New Era Energy & Digital during the 2nd quarter worth approximately $64,000. Finally, FirstWave Capital Management LLC purchased a new position in shares of New Era Energy & Digital during the 2nd quarter worth approximately $1,608,000. 21.90% of the stock is owned by hedge funds and other institutional investors.
New Era Energy & Digital Company Profile
(
Get Free Report)
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
