NuScale Power (NYSE:SMR) Sees Large Volume Increase

NuScale Power Co. (NYSE:SMR) saw unusually-strong trading volume on Tuesday . Approximately 2,973,968 shares were traded during trading, a decline of 39% from the previous session’s volume of 4,854,768 shares.The stock last traded at $11.97 and had previously closed at $10.89.

Wall Street Analyst Weigh In

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

NuScale Power Stock Performance

The business’s fifty day simple moving average is $9.43 and its 200-day simple moving average is $8.26. The company has a market capitalization of $2.89 billion, a P/E ratio of -14.08 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66.

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

Insider Activity

In related news, insider Robert K. Temple sold 50,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 19,054 shares of the company’s stock, valued at $190,540. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Robert K. Temple sold 5,000 shares of the business’s stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through the SEC website. Also, insider Robert K. Temple sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total value of $500,000.00. Following the completion of the sale, the insider now owns 19,054 shares of the company’s stock, valued at $190,540. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,544 shares of company stock worth $809,536. 1.96% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

Several institutional investors have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. purchased a new position in shares of NuScale Power during the first quarter worth approximately $53,000. Avantax Advisory Services Inc. purchased a new position in NuScale Power during the 1st quarter valued at about $58,000. International Assets Investment Management LLC bought a new stake in shares of NuScale Power in the 2nd quarter valued at about $64,000. TFC Financial Management Inc. bought a new stake in shares of NuScale Power in the 2nd quarter valued at about $75,000. Finally, Resurgent Financial Advisors LLC lifted its position in shares of NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after purchasing an additional 7,400 shares during the period. 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.