# New Era Energy & Digital, Inc. (NUAI)

> Source: Nexqual · https://nexqual.com/NUAI · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, New Era Energy & Digital, Inc. (NUAI), nexqual.com/NUAI" · informational, not investment advice.

**Price:** USD 2.96 (+6.67% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 2.78 · day 2.58–2.97 · 52w 2.01–9.45 · market cap $358M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $901K, net income -$53.9M (-5985.7% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $15.5M; 1 not under a Rule 10b5-1 plan ($15.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $1.2M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 11.67 (range 10–13).
- Total return with dividends: 1Y -49.5% vs S&P 500 +13.4%; 5Y -69.8% vs S&P 500 +76.9%.
- Next earnings: 2026-11-12, EPS estimate USD -0.14, revenue estimate $50K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $612K | $533K | $885K | $901K |
| Operating income | -$292K | -$12.7M | -$24.5M | -$47.1M |
| Net income | $10K | -$13.8M | -$29.6M | -$53.9M |
| EPS (diluted) | $0.00 | -$1.06 | -$1.04 | — |
| Free cash flow | -$6.3M | -$5.6M | -$13.4M | — |
| Operating margin | -47.6% | -2389.9% | -2767.5% | -5233.1% |
| Net margin | 1.7% | -2586.9% | -3341.5% | -5985.7% |
| Revenue growth | — | -13.0% | +66.2% | — |
| Cash + short-term investments | $120K | $1.1M | $1.2M | — |
| Total debt | $2.1M | $4.5M | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 396.9x · P/B 2.6x · Earnings yield -15.08%
P/E at fiscal year-ends: Dec 2023 6371.1x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-14 | McCarthy Kent C |  | 4,290,000 | $15.5M | 44% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $1.2M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-09 | McCarthy Kent C |  | 250,000 | $1.2M | 4.77 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 11.67 (low 10, high 13).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Roth Capital | Initiated | Buy | $10 |
| 2026-09-29 | B. Riley Securities | Target raised | Buy | $10 → $13 |
| 2026-07-07 | B. Riley Securities | Initiated | Buy | $10 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2022-01-03) |
|---|---|---|
| Total return | -49.5% | -69.8% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -49.6% | -22.1% |
| Volatility (annualized) | 143.8% | 113.3% |
| Max drawdown | -65.6% (Jan 2026→Oct 2026) | -96.8% (Apr 2024→Sep 2025) |

## Peers (Software - Infrastructure)
CORZ (Core Scientific, Inc.) USD 13.1 -0.76% · BLSH (Bullish) USD 28.21 -3.36% · DLO (DLocal Limited) USD 15.06 +1.48% · TENB (Tenable Holdings, Inc.) USD 44.59 +6.17% · BB (BlackBerry Limited) USD 8.92 +3.84% · RELY (Remitly Global, Inc.) USD 24.82 -1.97%

## More
Full page: https://nexqual.com/NUAI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in NUAI's own 10-K filed 2026-03-12 (https://www.sec.gov/Archives/edgar/data/2028336/000121390026026501/ea0276741-10k_newera.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | SharonAI Holdings Inc. (SHAZ) | "Liability Company Agreement (the "LLC Agreement") with SharonAI for the creation of TCDC as a joint venture of the Company" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Natural Gas Reserves | $206,183 | 564.9% | -65.1% |
| Natural Gas Liquids Reserves | $67,089 | 183.8% | +5.5% |
| Total revenue | $36,497 | 100% | — |
The lines above cover 748.8% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.14 | $-0.09 | +55.6% | $50,000 | 2 |
| Next quarter (ends 2026-12-31) | $-0.14 | $-0.14 | +7.4% | $50,000 | 2 |
| Current fiscal year (ends 2026-12-31) | $-0.49 | $-0.51 | -3.9% | $600,000 | 1 |
| Next fiscal year (ends 2027-12-31) | $-0.26 | $-1.07 | -75.7% | $11.3M | 2 |