NuScale Power (NYSE:SMR) Trading 1.4% Higher

NuScale Power Co. (NYSE:SMR)’s share price was up 1.4% during mid-day trading on Wednesday . The company traded as high as $9.25 and last traded at $9.22. Approximately 635,069 shares traded hands during trading, a decline of 87% from the average daily volume of 4,774,640 shares. The stock had previously closed at $9.09.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. CLSA assumed coverage on shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective for the company. B. Riley lifted their price target on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, NuScale Power currently has an average rating of “Moderate Buy” and a consensus price target of $8.63.

NuScale Power Price Performance

The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.20 billion, a P/E ratio of -10.85 and a beta of 1.22. The company has a fifty day simple moving average of $9.77 and a two-hundred day simple moving average of $8.10.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period last year, the firm earned ($0.13) earnings per share. Sell-side analysts expect that NuScale Power Co. will post -0.55 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.57, for a total transaction of $47,850.00. Following the completion of the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at $134,496.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $9.57, for a total transaction of $47,850.00. Following the transaction, the insider now owns 14,054 shares of the company’s stock, valued at approximately $134,496.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert K. Temple sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total transaction of $500,000.00. Following the transaction, the insider now owns 19,054 shares of the company’s stock, valued at approximately $190,540. The disclosure for this sale can be found here. Insiders have sold a total of 86,544 shares of company stock valued at $809,536 in the last 90 days. 1.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMR. Mesirow Financial Investment Management Inc. acquired a new stake in shares of NuScale Power during the first quarter worth about $53,000. Avantax Advisory Services Inc. bought a new position in NuScale Power in the first quarter valued at approximately $58,000. International Assets Investment Management LLC acquired a new position in shares of NuScale Power in the second quarter valued at approximately $64,000. TFC Financial Management Inc. bought a new stake in shares of NuScale Power during the second quarter worth $75,000. Finally, Resurgent Financial Advisors LLC raised its holdings in shares of NuScale Power by 100.0% during the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after acquiring an additional 7,400 shares during the period. 15.28% of the stock is currently owned by institutional investors.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.