Robert K. Temple Sells 75,000 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) 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) 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMR. Mesirow Financial Investment Management Inc. acquired a new stake in shares of NuScale Power during the first quarter valued at about $53,000. Avantax Advisory Services Inc. purchased a new position in shares of NuScale Power during the 1st quarter worth approximately $58,000. International Assets Investment Management LLC acquired a new stake in NuScale Power in the 2nd quarter valued at approximately $64,000. TFC Financial Management Inc. purchased a new stake in NuScale Power in the second quarter valued at approximately $75,000. Finally, Resurgent Financial Advisors LLC lifted its stake in 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 purchasing an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

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.