NuScale Power Co. (NYSE:SMR – Get Free Report) insider Robert K. Temple sold 75,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $12.00, for a total value of $900,000.00. Following the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $168,648. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NuScale Power Trading Up 7.4 %
Shares of SMR stock traded up $0.88 on Friday, hitting $12.77. 5,389,994 shares of the stock traded hands, compared to its average volume of 4,929,957. 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 Co. has a twelve month low of $1.81 and a twelve month high of $16.91. The firm’s 50-day moving average price is $9.30 and its two-hundred day moving average price is $8.36. The stock has a market capitalization of $3.18 billion, a PE ratio of -15.12 and a beta of 1.22.
NuScale Power (NYSE:SMR – Get Free Report) last posted its earnings results 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). The firm had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. As a group, analysts anticipate that NuScale Power Co. will post -0.55 EPS for the current year.
Institutional Investors Weigh In On NuScale Power
Analysts Set New Price Targets
Several analysts recently commented on SMR shares. B. Riley boosted 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. Craig Hallum assumed coverage on shares of NuScale Power in a report on Thursday. They set a “buy” rating and a $16.00 target price for the company. Finally, CLSA assumed coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.68.
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.
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