NuScale Power (NYSE:SMR) Shares Up 1.4%

NuScale Power Co. (NYSE:SMR)’s share price was up 1.4% during trading on Wednesday . The company traded as high as $9.25 and last traded at $9.22. Approximately 635,069 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 4,774,640 shares. The stock had previously closed at $9.09.

Analyst Ratings Changes

SMR has been the subject of a number of research reports. B. Riley increased their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, NuScale Power has a consensus rating of “Moderate Buy” and an average price target of $8.63.

NuScale Power Stock Down 0.2 %

The firm has a fifty day moving average of $9.77 and a 200-day moving average of $8.10. 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 cap of $2.20 billion, a P/E ratio of -10.85 and a beta of 1.22.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The company had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same quarter in the prior year, the company earned ($0.13) EPS. On average, equities research analysts anticipate that NuScale Power Co. will post -0.55 earnings per share for the current year.

Insider Buying and Selling at NuScale Power

In other news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the transaction, the chief operating officer now directly owns 30,323 shares in the company, valued at approximately $266,539.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NuScale Power news, insider Robert K. Temple sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the completion of the sale, the insider now owns 19,054 shares of the company’s stock, valued at approximately $190,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the transaction, the chief operating officer now owns 30,323 shares in the company, valued at $266,539.17. The disclosure for this sale can be found here. Insiders sold a total of 86,544 shares of company stock worth $809,536 over the last quarter. 1.96% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

Several hedge funds and other institutional investors have recently modified their holdings of SMR. Mesirow Financial Investment Management Inc. acquired a new stake in NuScale Power during the first quarter worth approximately $53,000. Avantax Advisory Services Inc. acquired a new stake in NuScale Power during the 1st quarter worth approximately $58,000. International Assets Investment Management LLC bought a new stake in NuScale Power in the 2nd quarter valued at $64,000. TFC Financial Management Inc. acquired a new position in NuScale Power in the 2nd quarter valued at $75,000. Finally, Resurgent Financial Advisors LLC increased its position in NuScale Power by 100.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after buying an additional 7,400 shares during the period. Institutional investors own 15.28% of the company’s stock.

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.