NuScale Power Co. (NYSE:SMR – Get Free Report) insider Robert K. Temple sold 115,866 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $255,782.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
NuScale Power Trading Up 1.1 %
Shares of NuScale Power stock opened at $18.21 on Monday. The stock has a market cap of $4.43 billion, a P/E ratio of -21.42 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. NuScale Power Co. has a 12-month low of $1.81 and a 12-month high of $20.35. The business’s 50 day moving average is $10.55 and its 200-day moving average is $9.27.
NuScale Power (NYSE:SMR – Get Free Report) last posted its quarterly earnings results 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). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The firm had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period last year, the company posted ($0.13) earnings per share.
Analysts Set New Price Targets
Institutional Investors Weigh In On NuScale Power
Hedge funds have recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of NuScale Power in the first quarter valued at approximately $18,585,000. Van ECK Associates Corp bought a new stake in NuScale Power in the 2nd quarter valued at $7,600,000. Rheos Capital Works Inc. acquired a new stake in NuScale Power during the 1st quarter valued at $1,328,000. Bank of New York Mellon Corp boosted its position in NuScale Power by 97.3% during the second quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock worth $3,256,000 after purchasing an additional 137,382 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of NuScale Power by 244.7% in the second quarter. SG Americas Securities LLC now owns 185,342 shares of the company’s stock valued at $2,167,000 after purchasing an additional 131,570 shares during the last quarter. 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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