NuScale Power Co. (NYSE:SMR) Given Average Rating of “Moderate Buy” by Analysts

NuScale Power Co. (NYSE:SMR) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.39.

SMR has been the topic of a number of recent research reports. CLSA initiated coverage on NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. Craig Hallum boosted their price target on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th.

Insider Activity

In related news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $255,782.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the transaction, the insider now owns 14,054 shares of the company’s stock, valued at $255,782.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $9.57, for a total transaction of $47,850.00. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $134,496.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 478,293 shares of company stock worth $6,179,222 over the last quarter. 1.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in NuScale Power by 268.3% in the 1st quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock valued at $286,000 after acquiring an additional 39,171 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of NuScale Power in the first quarter worth $58,000. Resurgent Financial Advisors LLC raised its stake in NuScale Power by 100.0% in the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after purchasing an additional 7,400 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after buying an additional 4,014 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in NuScale Power during the first quarter worth $98,000. Institutional investors own 15.28% of the company’s stock.

NuScale Power Trading Up 13.8 %

Shares of SMR stock opened at $21.41 on Friday. The firm has a market capitalization of $5.33 billion, a P/E ratio of -19.80 and a beta of 1.12. NuScale Power has a 1 year low of $1.81 and a 1 year high of $22.75. The firm’s fifty day simple moving average is $13.01 and its 200 day simple moving average is $10.44. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

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 analyst estimates 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 earned ($0.13) EPS.

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.