NuScale Power (NYSE:SMR) Trading 5.5% Higher – Still a Buy?

NuScale Power Co. (NYSE:SMR) rose 5.5% during trading on Friday . The company traded as high as $20.44 and last traded at $20.20. Approximately 3,603,265 shares traded hands during trading, a decline of 38% from the average daily volume of 5,853,425 shares. The stock had previously closed at $19.14.

Wall Street Analysts Forecast Growth

SMR has been the topic of a number of recent research reports. CLSA initiated 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. Craig Hallum increased their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.39.

NuScale Power Price Performance

The stock has a market cap of $4.79 billion, a P/E ratio of -19.61 and a beta of 1.25. The firm’s fifty day moving average price is $12.40 and its 200-day moving average price is $10.08. 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 (NYSE:SMR) last released its quarterly 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 company had revenue of $0.97 million during 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 quarter last year, the firm earned ($0.13) EPS.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of the firm’s 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the transaction, the chief financial officer now owns 57,681 shares of the company’s stock, valued at $460,294.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of NuScale Power 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 transaction, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at approximately $266,539.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 490,595 shares of company stock valued at $6,287,356. 1.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently bought and sold shares of SMR. US Bancorp DE bought a new stake in shares of NuScale Power during the 3rd quarter valued at about $54,000. Avantax Advisory Services Inc. bought a new stake in shares of NuScale Power during the 1st quarter valued at about $58,000. CWM LLC grew its stake in shares of NuScale Power by 4,593.8% during 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 shares of NuScale Power during the 2nd quarter valued at about $64,000. Finally, TFC Financial Management Inc. bought a new stake in shares of NuScale Power during the 2nd quarter valued at about $75,000. 15.28% of the stock is currently owned by institutional investors.

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.