NuScale Power Target of Unusually High Options Trading (NYSE:SMR)

NuScale Power Co. (NYSE:SMR) was the target of unusually large options trading activity on Wednesday. Investors bought 7,707 call options on the stock. This represents an increase of approximately 27% compared to the average daily volume of 6,088 call options.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SMR shares. UBS Group increased their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Wells Fargo & Company reissued an “underweight” rating and issued a $4.50 price objective (down from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. Canaccord Genuity Group increased their price objective on shares of NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, B. Riley raised their price target on shares of NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.15.

NuScale Power Stock Up 4.0 %

Shares of NuScale Power stock opened at $11.99 on Friday. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of -14.10 and a beta of 1.17. NuScale Power has a 12-month low of $1.81 and a 12-month high of $12.20. The firm’s 50-day moving average price is $7.55 and its two-hundred day moving average price is $5.12.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.21). The firm had revenue of $1.38 million for the quarter, compared to the consensus estimate of $3.15 million. NuScale Power had a negative net margin of 342.39% and a negative return on equity of 38.66%. During the same period in the prior year, the company posted ($0.16) earnings per share. On average, sell-side analysts expect that NuScale Power will post -0.64 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Clayton Scott sold 7,191 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total transaction of $43,433.64. Following the completion of the transaction, the insider now owns 43,549 shares in the company, valued at $263,035.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NuScale Power news, insider Clayton Scott sold 7,191 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total value of $43,433.64. Following the completion of the sale, the insider now owns 43,549 shares in the company, valued at $263,035.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Robert K. Temple sold 8,873 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total transaction of $53,592.92. Following the completion of the sale, the general counsel now owns 42,860 shares of the company’s stock, valued at approximately $258,874.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,131 shares of company stock worth $339,745. 1.96% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

A number of large investors have recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of NuScale Power in the 1st quarter valued at approximately $18,585,000. Virtu Financial LLC acquired a new stake in shares of NuScale Power in the 1st quarter valued at approximately $98,000. Price T Rowe Associates Inc. MD boosted its stake 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 purchasing an additional 4,014 shares in the last quarter. Resurgent Financial Advisors LLC boosted its stake in shares of NuScale Power by 100.0% in the 1st 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. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of NuScale Power in the 1st quarter valued at approximately $58,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.