New Era Energy & Digital (NASDAQ:NUAI) Shares Gap Up on Analyst Upgrade

New Era Energy & Digital Inc (NASDAQ:NUAI) shares gapped up before the market opened on Monday after Wall Street Zen upgraded the stock from a strong sell rating to a sell rating. The stock had previously closed at $4.07, but opened at $4.44. New Era Energy & Digital shares last traded at $4.9660, with a volume of 8,926,713 shares changing hands.

A number of other research firms have also recently commented on NUAI. Zacks Research raised shares of New Era Energy & Digital to a “hold” rating in a research note on Friday, April 17th. Weiss Ratings lowered shares of New Era Energy & Digital from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Texas Capital upgraded New Era Energy & Digital to a “strong-buy” rating in a report on Thursday, April 16th. Northland Securities assumed coverage on New Era Energy & Digital in a research note on Thursday, April 16th. They set an “outperform” rating and a $11.00 price objective for the company. Finally, New Street Research set a $10.00 target price on New Era Energy & Digital in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

Hedge Funds Weigh In On New Era Energy & Digital

Several hedge funds and other institutional investors have recently modified their holdings of NUAI. Bank of America Corp DE lifted its stake in shares of New Era Energy & Digital by 228.4% in the first quarter. Bank of America Corp DE now owns 51,605 shares of the company’s stock worth $210,000 after buying an additional 35,892 shares in the last quarter. Royal Bank of Canada grew its stake in New Era Energy & Digital by 17,933.3% during the 1st quarter. Royal Bank of Canada now owns 69,789 shares of the company’s stock valued at $283,000 after acquiring an additional 69,402 shares in the last quarter. Cetera Investment Advisers acquired a new stake in New Era Energy & Digital in the 1st quarter valued at about $70,000. First Trust Advisors LP raised its holdings in New Era Energy & Digital by 113.5% in the 1st quarter. First Trust Advisors LP now owns 1,614,504 shares of the company’s stock valued at $6,555,000 after acquiring an additional 858,329 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in New Era Energy & Digital in the 1st quarter worth approximately $77,000. 21.90% of the stock is owned by hedge funds and other institutional investors.

New Era Energy & Digital Stock Performance

The firm has a market capitalization of $598.62 million, a PE ratio of -6.03 and a beta of 1.21. The stock’s 50 day simple moving average is $5.06 and its two-hundred day simple moving average is $4.89.

New Era Energy & Digital (NASDAQ:NUAI) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. New Era Energy & Digital had a negative net margin of 2,592.43% and a negative return on equity of 687.58%. The company had revenue of $0.80 million during the quarter. Equities research analysts expect that New Era Energy & Digital Inc will post -0.43 earnings per share for the current fiscal year.

About New Era Energy & Digital

New Era Energy & Digital, Inc, operates as an exploration and production platform, engages in the exploration, development, and production of helium, oil and natural gas, and natural gas liquids in the United States. The company owns and operates a portfolio of approximately 137,000 acres in Southeast New Mexico. Its flagship Pecos Slope Field covering an area of 1893 square kilometers located 20 miles north of Roswell, New Mexico. It serves Tier 2 gas companies and balloon gas distributors. The company was formerly known as New Era Helium, Inc and changed its name to New Era Energy & Digital, Inc in August 2025.