Key Points
- Director Trent Yang sold 49,397 NUAI shares at an average price of $1.99, receiving approximately $98,300. Following the transaction, his direct ownership fell 19.03% to 210,151 shares.
- New Era Energy & Digital shares opened at $2.73 and have declined sharply from their 52-week high of $9.44; the company reported a quarterly loss of $0.21 per share, missing estimates by $0.12.
- Analyst sentiment remains mixed but leans positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $10.50, while institutional investors own 21.90% of shares.
New Era Energy & Digital Inc (NASDAQ:NUAI - Get Free Report) Director Trent Yang sold 49,397 shares of the business's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $1.99, for a total value of $98,300.03. Following the completion of the sale, the director directly owned 210,151 shares of the company's stock, valued at approximately $418,200.49. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
New Era Energy & Digital Trading Down 4.5%
Shares of NASDAQ NUAI opened at $2.73 on Friday. The company has a quick ratio of 14.21, a current ratio of 14.21 and a debt-to-equity ratio of 0.11. The stock's 50 day moving average price is $5.04 and its two-hundred day moving average price is $5.02. New Era Energy & Digital Inc has a 52-week low of $2.01 and a 52-week high of $9.44. The stock has a market capitalization of $290.91 million, a P/E ratio of -2.79 and a beta of 1.19.
New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The firm had revenue of $0.04 million during the quarter. New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. On average, analysts anticipate that New Era Energy & Digital Inc will post -0.58 earnings per share for the current fiscal year.
Hedge Funds Weigh In On New Era Energy & Digital
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of New Era Energy & Digital during the second quarter valued at approximately $36,000. Legal & General Group Plc acquired a new stake in shares of New Era Energy & Digital during the 2nd quarter worth approximately $50,000. State of Wyoming bought a new stake in shares of New Era Energy & Digital in the 2nd quarter worth approximately $51,000. Integrated Wealth Concepts LLC bought a new stake in shares of New Era Energy & Digital in the 2nd quarter worth approximately $64,000. Finally, Cetera Investment Advisers acquired a new position in New Era Energy & Digital during the 1st quarter valued at approximately $70,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently issued reports on NUAI. New Street Research set a $10.00 price objective on New Era Energy & Digital in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. Wall Street Zen cut shares of New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Roth Capital started coverage on shares of New Era Energy & Digital in a report on Wednesday, October 7th. They set a "buy" rating and a $10.00 target price on the stock. Finally, Northland Securities set a $12.00 price target on shares of New Era Energy & Digital in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $10.50.
Check Out Our Latest Research Report on New Era Energy & Digital
About New Era Energy & Digital
(
Get Free Report)
New Era Energy & Digital, Inc is an energy and digital infrastructure company focused on developing projects that combine energy resources with data-center and high-performance computing applications. Its activities are centered on supporting digital infrastructure, including facilities designed for artificial intelligence, data processing and related computing services.
The company was previously known as New Era Helium, Inc and historically pursued helium exploration and development opportunities.
Further Reading
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].
