NuScale Power Co. (NYSE:SMR) CFO Sells $153,551.16 in Stock

NuScale Power Co. (NYSE:SMR) CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power 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 sale, the chief financial officer now directly owns 57,681 shares in the company, valued at $460,294.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NuScale Power Trading Up 1.1 %

Shares of SMR opened at $8.23 on Friday. The stock’s fifty day simple moving average is $10.57 and its 200-day simple moving average is $7.57. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.05 billion, a PE ratio of -9.68 and a beta of 1.25. NuScale Power Co. has a 12-month low of $1.81 and a 12-month high of $16.91.

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). The business had revenue of $0.97 million for the quarter, compared to the consensus estimate 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 period last year, the firm earned ($0.13) earnings per share. As a group, research analysts predict that NuScale Power Co. will post -0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, 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 report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.15.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently made changes to their positions in SMR. Peregrine Asset Advisers Inc. acquired a new stake in shares of NuScale Power in the 4th quarter valued at approximately $39,000. Mesirow Financial Investment Management Inc. acquired a new stake in NuScale Power in the first quarter worth $53,000. Avantax Advisory Services Inc. bought a new position in shares of NuScale Power during the first quarter worth $58,000. International Assets Investment Management LLC acquired a new position in shares of NuScale Power in the 2nd quarter valued at $64,000. Finally, TFC Financial Management Inc. bought a new stake in shares of NuScale Power in the 2nd quarter valued at $75,000. 15.28% of the stock is owned by institutional investors and hedge funds.

About NuScale Power

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.