NuScale Power Co. (NYSE:SMR – Get Free Report) insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the sale, the insider now directly owns 14,054 shares in the company, valued at $134,496.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
NuScale Power Stock Down 6.1 %
Shares of SMR opened at $9.09 on Wednesday. NuScale Power Co. has a 52-week low of $1.81 and a 52-week high of $16.91. 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 stock has a fifty day simple moving average of $9.77 and a two-hundred day simple moving average of $8.10. The company has a market capitalization of $2.21 billion, a PE ratio of -10.69 and a beta of 1.22.
NuScale Power (NYSE:SMR – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The firm 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 previous year, the business posted ($0.13) earnings per share. As a group, equities analysts forecast that NuScale Power Co. will post -0.55 EPS for the current year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on SMR
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in NuScale Power during the second quarter worth $64,000. TFC Financial Management Inc. acquired a new stake in shares of NuScale Power during the 2nd quarter worth about $75,000. Fortitude Family Office LLC purchased a new stake in NuScale Power in the 2nd quarter valued at about $98,000. Quest Partners LLC purchased a new stake in NuScale Power in the 2nd quarter valued at about $115,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in NuScale Power in the first quarter valued at about $53,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.
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.
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