NuScale Power (NYSE:SMR) Trading 0.3% Higher

NuScale Power Co. (NYSE:SMR)’s share price was up 0.3% during mid-day trading on Tuesday . The company traded as high as $11.94 and last traded at $11.62. Approximately 2,025,964 shares were traded during trading, a decline of 59% from the average daily volume of 4,951,798 shares. The stock had previously closed at $11.58.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SMR. CLSA assumed coverage on shares of NuScale Power in a research note on Friday, September 13th. They issued an “outperform” rating and a $11.00 price objective for the company. Craig Hallum assumed coverage on NuScale Power in a research report on Thursday, September 26th. They issued a “buy” rating and a $16.00 price target for the company. Finally, B. Riley boosted their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.68.

NuScale Power Price Performance

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 company has a market capitalization of $2.99 billion, a P/E ratio of -13.67 and a beta of 1.22. The firm’s fifty day moving average is $9.33 and its 200 day moving average is $8.46.

NuScale Power (NYSE:SMR) last released 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). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period in the prior year, the company posted ($0.13) EPS.

Insider Transactions at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 75,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $168,648. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the sale, the insider now directly owns 14,054 shares in the company, valued at $134,496.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert K. Temple sold 75,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $12.00, for a total transaction of $900,000.00. Following the transaction, the insider now owns 14,054 shares in the company, valued at $168,648. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 306,171 shares of company stock worth $3,285,970. 1.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently modified their holdings of SMR. Swiss National Bank grew its stake in NuScale Power by 17.3% in the fourth quarter. Swiss National Bank now owns 73,400 shares of the company’s stock valued at $241,000 after purchasing an additional 10,800 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of NuScale Power in the 4th quarter worth approximately $417,000. Rheos Capital Works Inc. bought a new position in shares of NuScale Power during the 1st quarter worth approximately $1,328,000. Evanson Asset Management LLC lifted its position in NuScale Power by 44.3% during the first quarter. Evanson Asset Management LLC now owns 26,000 shares of the company’s stock valued at $138,000 after acquiring an additional 7,986 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in NuScale Power in the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

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.