Terrestrial Energy (NASDAQ:IMSR) Shares Up 11.7% – Still a Buy?

Shares of Terrestrial Energy Inc. (NASDAQ:IMSR) shot up 11.7% during trading on Friday . The stock traded as high as $9.00 and last traded at $9.1170. 3,276,920 shares were traded during trading, an increase of 15% from the average session volume of 2,848,770 shares. The stock had previously closed at $8.16.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Terrestrial Energy has an average rating of “Hold” and a consensus target price of $13.50.

Terrestrial Energy Stock Up 11.9%

The company has a market capitalization of $967.14 million, a price-to-earnings ratio of -91.30 and a beta of 1.85. The business’s fifty day simple moving average is $7.03.

Terrestrial Energy (NASDAQ:IMSR) last posted its quarterly earnings data on Monday, March 30th. The company reported ($0.50) earnings per share (EPS) for the quarter. As a group, research analysts predict that Terrestrial Energy Inc. will post -0.46 earnings per share for the current year.

Hedge Funds Weigh In On Terrestrial Energy

Several hedge funds and other institutional investors have recently modified their holdings of IMSR. Flax Pond Capital LLC acquired a new stake in Terrestrial Energy during the first quarter worth about $96,000. Bank of New York Mellon Corp acquired a new stake in Terrestrial Energy during the first quarter worth about $102,000. California State Teachers Retirement System acquired a new stake in Terrestrial Energy during the first quarter worth about $188,000. Swiss National Bank acquired a new stake in Terrestrial Energy during the first quarter worth about $340,000. Finally, Yorkville Advisors Global LP acquired a new stake in Terrestrial Energy during the first quarter worth about $733,000.

About Terrestrial Energy

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.