NuScale Power (NYSE:SMR) Shares Down 0.8% Following Insider Selling

NuScale Power Co. (NYSE:SMR)’s share price fell 0.8% during trading on Monday after an insider sold shares in the company. The stock traded as low as $9.35 and last traded at $9.60. 1,137,806 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 4,798,002 shares. The stock had previously closed at $9.68.

Specifically, insider Robert K. Temple sold 5,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.57, for a total transaction of $47,850.00. Following the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at $134,496.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SMR shares. B. Riley raised their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. CLSA initiated coverage on NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.63.

NuScale Power Stock Down 6.1 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The business’s fifty day moving average price is $9.77 and its two-hundred day moving average price is $8.10. The stock has a market capitalization of $2.21 billion, a PE ratio of -10.69 and a beta of 1.22.

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 the consensus estimate 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 firm had revenue of $0.97 million for the quarter, compared to analysts’ expectations of $1.43 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. On average, equities research analysts forecast that NuScale Power Co. will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On NuScale Power

Large investors have recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. acquired a new stake in NuScale Power during the 1st quarter valued at approximately $53,000. Avantax Advisory Services Inc. acquired a new position in NuScale Power during the first quarter valued at $58,000. International Assets Investment Management LLC purchased a new stake in NuScale Power in the second quarter valued at $64,000. TFC Financial Management Inc. acquired a new stake in NuScale Power during the 2nd quarter worth about $75,000. Finally, Resurgent Financial Advisors LLC raised its stake in shares of NuScale Power by 100.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after buying an additional 7,400 shares during the last quarter. Hedge funds and other 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.