NuScale Power (NYSE:SMR) Trading Down 3.2%

NuScale Power Co. (NYSE:SMR)’s stock price traded down 3.2% during mid-day trading on Friday . The stock traded as low as $7.14 and last traded at $7.19. 787,232 shares traded hands during trading, a decline of 84% from the average session volume of 4,836,283 shares. The stock had previously closed at $7.43.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on shares of NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, NuScale Power currently has a consensus rating of “Hold” and an average target price of $8.15.

NuScale Power Stock Performance

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 50-day moving average of $10.31 and a 200 day moving average of $7.71. The stock has a market capitalization of $1.74 billion, a P/E ratio of -8.46 and a beta of 1.22.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) 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 business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period in the previous year, the business posted ($0.13) earnings per share. Research analysts anticipate that NuScale Power Co. will post -0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Carl M. Fisher sold 12,302 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the sale, 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 filing with the SEC, which is available at the SEC website. In other news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the sale, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert K. Temple sold 50,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the sale, the insider now owns 19,054 shares of the company’s stock, valued at approximately $190,540. The disclosure for this sale can be found here. Insiders sold a total of 81,544 shares of company stock worth $761,686 over the last quarter. Company insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Several large investors have recently made changes to their positions in SMR. Mesirow Financial Investment Management Inc. bought a new position in shares of NuScale Power in the first quarter valued at about $53,000. Avantax Advisory Services Inc. bought a new position in shares of NuScale Power in the first quarter worth about $58,000. International Assets Investment Management LLC acquired a new position in shares of NuScale Power during the second quarter worth approximately $64,000. TFC Financial Management Inc. bought a new stake in shares of NuScale Power during the second quarter valued at approximately $75,000. Finally, Resurgent Financial Advisors LLC increased its holdings in shares of NuScale Power by 100.0% in the first 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. 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.