HCM II Acquisition (NASDAQ:IMSR) Shares Up 8.2% – Here’s Why

HCM II Acquisition Corp. (NASDAQ:IMSR) was up 8.2% during trading on Wednesday . The stock traded as high as $7.44 and last traded at $7.11. Approximately 2,301,112 shares changed hands during trading, an increase of 17% from the average daily volume of 1,968,081 shares. The stock had previously closed at $6.57.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut HCM II Acquisition from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Northland Securities started coverage on shares of HCM II Acquisition in a research report on Thursday, January 29th. They issued an “outperform” rating and a $15.00 price objective on the stock. Zacks Research raised shares of HCM II Acquisition to a “hold” rating in a report on Friday, January 30th. Cantor Fitzgerald started coverage on shares of HCM II Acquisition in a report on Friday, December 19th. They issued an “overweight” rating and a $12.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of HCM II Acquisition in a research report on Wednesday, December 24th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.50.

HCM II Acquisition Stock Performance

The firm’s 50-day moving average price is $8.44.

HCM II Acquisition Company Profile

Terrestrial Energy Inc produces carbon free nuclear energy in North Carolina and internationally. The company was founded in 2013 and is headquartered in Charlotte, North Carolina.