NuScale Power (NYSE:SMR) Trading Up 5.4% – Should You Buy?

NuScale Power Co. (NYSE:SMR) traded up 5.4% during mid-day trading on Monday . The stock traded as high as $14.27 and last traded at $13.85. 2,870,592 shares were traded during mid-day trading, a decline of 43% from the average session volume of 5,018,186 shares. The stock had previously closed at $13.14.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SMR shares. CLSA started coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. B. Riley upped their target price on shares of NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Craig Hallum assumed coverage on shares of NuScale Power in a report on Thursday, September 26th. They set a “buy” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.68.

NuScale Power Trading Up 39.9 %

The company has a market cap of $4.63 billion, a price-to-earnings ratio of -20.28 and a beta of 1.25. The firm has a 50-day moving average price of $9.98 and a 200 day moving average price of $9.00. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

NuScale Power (NYSE:SMR) last announced its 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). The business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same period in the previous year, the firm earned ($0.13) EPS.

Insider Buying and Selling at NuScale Power

In other news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction 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 owns 30,323 shares of the company’s stock, valued at approximately $266,539.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total transaction of $153,551.16. Following the completion of the sale, the chief financial officer now owns 57,681 shares of the company’s stock, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the completion of the sale, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at $266,539.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 374,729 shares of company stock valued at $4,178,595 in the last quarter. Corporate insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Large investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. bought a new stake in shares of NuScale Power in the 1st quarter valued at approximately $58,000. CWM LLC grew its stake in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after purchasing an additional 5,191 shares during the period. International Assets Investment Management LLC bought a new stake in NuScale Power during the 2nd quarter worth approximately $64,000. TFC Financial Management Inc. bought a new stake in NuScale Power during the 2nd quarter worth approximately $75,000. Finally, Resurgent Financial Advisors LLC grew its position in NuScale Power by 100.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after acquiring an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 15.28% of the company’s stock.

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.