NuScale Power (NYSE:SMR) Shares Up 0.4%

Shares of NuScale Power Co. (NYSE:SMR) were up 0.4% on Monday . The stock traded as high as $9.29 and last traded at $9.12. Approximately 898,684 shares traded hands during trading, a decline of 82% from the average daily volume of 5,005,647 shares. The stock had previously closed at $9.08.

Wall Street Analysts Forecast Growth

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

NuScale Power Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -10.33 and a beta of 1.25. The business has a fifty day simple moving average of $10.68 and a 200-day simple moving average of $7.32.

NuScale Power (NYSE:SMR) 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). 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 during the quarter, compared to analyst estimates of $1.43 million. During the same period in the prior year, the company earned ($0.13) EPS. As a group, equities analysts forecast that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert K. Temple sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the insider now owns 19,054 shares of the company’s stock, valued at $190,540. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NuScale Power news, insider Robert K. Temple sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total transaction of $500,000.00. Following the completion of the transaction, the insider now owns 19,054 shares in the company, valued at approximately $190,540. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System acquired a new position in NuScale Power in the fourth quarter valued at approximately $34,000. Raymond James Financial Services Advisors Inc. acquired a new stake in NuScale Power in the fourth quarter worth $36,000. Peregrine Asset Advisers Inc. acquired a new stake in NuScale Power in the fourth quarter worth $39,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of NuScale Power during the first quarter valued at about $53,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of NuScale Power in the 1st quarter valued at about $58,000. 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.