NuScale Power (NYSE:SMR) Stock Price Up 4.6% – Still a Buy?

NuScale Power Co. (NYSE:SMR)’s stock price traded up 4.6% during trading on Friday . The stock traded as high as $19.47 and last traded at $19.24. 5,789,481 shares were traded during mid-day trading, an increase of 3% from the average session volume of 5,638,771 shares. The stock had previously closed at $18.39.

Analysts Set New Price Targets

SMR has been the topic of a number of recent research reports. B. Riley boosted their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Craig Hallum upped their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, NuScale Power presently has an average rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Stock Performance

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 company has a market capitalization of $4.70 billion, a PE ratio of -18.68 and a beta of 1.25. The company has a 50 day moving average price of $11.24 and a 200 day moving average price of $9.56.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The company had revenue of $0.97 million during the quarter, compared to analyst estimates 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 quarter last year, the company posted ($0.13) EPS.

Insider Activity

In related news, insider Robert K. Temple sold 115,866 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $255,782.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other NuScale Power 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 transaction of $108,134.58. Following the completion of the transaction, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert K. Temple sold 115,866 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total value of $2,108,761.20. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at $255,782.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 490,595 shares of company stock valued at $6,287,356. Company insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in shares of NuScale Power by 268.3% during the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock valued at $286,000 after acquiring an additional 39,171 shares during the period. Avantax Advisory Services Inc. bought a new stake in shares of NuScale Power in the 1st quarter worth $58,000. Resurgent Financial Advisors LLC lifted 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 buying an additional 7,400 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in NuScale Power by 25.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after buying an additional 4,014 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in NuScale Power during the first quarter worth about $98,000. Institutional investors and hedge funds 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.