NuScale Power (NYSE:SMR) Shares Gap Up to $9.61

NuScale Power Co. (NYSE:SMR)’s share price gapped up prior to trading on Friday . The stock had previously closed at $9.61, but opened at $10.18. NuScale Power shares last traded at $10.72, with a volume of 693,399 shares changing hands.

Analyst Ratings Changes

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

NuScale Power Trading Up 13.6 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a fifty day moving average of $9.69 and a 200-day moving average of $8.11. The firm has a market cap of $2.65 billion, a P/E ratio of -13.27 and a beta of 1.22.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.43 million. During the same period in the previous year, the company earned ($0.13) EPS. Equities research analysts forecast that NuScale Power Co. will post -0.55 earnings per share for the current year.

Insider Buying and Selling at NuScale Power

In related news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the completion of the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at approximately $266,539.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the transaction, the chief operating officer now owns 30,323 shares of the company’s stock, valued at approximately $266,539.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the sale, the chief financial officer now directly owns 57,681 shares in the company, valued at approximately $460,294.38. The disclosure for this sale can be found here. Insiders sold 86,544 shares of company stock valued at $809,536 in the last quarter. Company insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently bought and sold shares of SMR. Mesirow Financial Investment Management Inc. acquired a new position in NuScale Power during the first quarter worth $53,000. Avantax Advisory Services Inc. bought a new position in NuScale Power during the 1st quarter valued at about $58,000. International Assets Investment Management LLC acquired a new position in NuScale Power in the second quarter valued at about $64,000. TFC Financial Management Inc. bought a new stake in NuScale Power during the second quarter worth about $75,000. Finally, Resurgent Financial Advisors LLC increased 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 buying an additional 7,400 shares in the last quarter. Institutional investors own 15.28% of the company’s stock.

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.