Investors Purchase Large Volume of Terrestrial Energy Call Options (NASDAQ:IMSR)

Terrestrial Energy Inc. (NASDAQ:IMSR) was the target of some unusual options trading on Monday. Investors purchased 12,302 call options on the stock. This is an increase of approximately 156% compared to the average volume of 4,804 call options.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Terrestrial Energy in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.50.

Hedge Funds Weigh In On Terrestrial Energy

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in shares of Terrestrial Energy in the 1st quarter valued at about $102,000. Swiss National Bank acquired a new position in shares of Terrestrial Energy during the 1st quarter worth approximately $340,000. Yorkville Advisors Global LP acquired a new position in shares of Terrestrial Energy during the 1st quarter worth approximately $733,000. Renaissance Technologies LLC boosted its holdings in shares of Terrestrial Energy by 136.1% during the 1st quarter. Renaissance Technologies LLC now owns 407,900 shares of the company’s stock worth $2,449,000 after purchasing an additional 235,100 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new position in shares of Terrestrial Energy during the 1st quarter worth approximately $188,000.

Terrestrial Energy Price Performance

NASDAQ IMSR opened at $9.60 on Wednesday. The company’s 50-day moving average is $7.10. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -96.00 and a beta of 2.08. Terrestrial Energy has a fifty-two week low of $5.33 and a fifty-two week high of $31.50.

Terrestrial Energy (NASDAQ:IMSR) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.50) earnings per share for the quarter. Sell-side analysts expect that Terrestrial Energy will post -0.46 earnings per share for the current year.

Terrestrial Energy 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.