NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $38.39 and last traded at $36.38, with a volume of 6066091 shares trading hands. The stock had previously closed at $35.24.
Wall Street Analysts Forecast Growth
SMR has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a $35.00 price objective on NuScale Power and gave the company a "buy" rating in a research note on Thursday, May 29th. The Goldman Sachs Group set a $24.00 price objective on NuScale Power and gave the company a "neutral" rating in a research note on Tuesday, May 20th. UBS Group upped their price objective on NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. BTIG Research restated a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, CLSA set a $41.00 price objective on NuScale Power and gave the company an "outperform" rating in a research note on Tuesday, May 27th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.
Get Our Latest Report on SMR
NuScale Power Price Performance
The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $11.88 billion, a P/E ratio of -43.98 and a beta of 2.00. The firm has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $21.20.
NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. The company had revenue of $13.38 million during the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. On average, analysts predict that NuScale Power Co. will post -0.73 EPS for the current fiscal year.
Insider Transactions at NuScale Power
In other news, CEO John Lawrence Hopkins sold 26,345 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total transaction of $623,322.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 1,565 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.94, for a total value of $26,511.10. Following the completion of the transaction, the vice president now owns 1,218 shares of the company's stock, valued at approximately $20,632.92. This represents a 56.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,278 shares of company stock worth $2,286,280. 1.27% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Kaizen Financial Strategies bought a new position in NuScale Power in the 1st quarter worth about $204,000. Raymond James Financial Inc. bought a new position in NuScale Power in the 4th quarter worth about $2,755,000. Allspring Global Investments Holdings LLC boosted its stake in NuScale Power by 467.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 85,738 shares of the company's stock worth $1,537,000 after purchasing an additional 70,638 shares during the period. HighTower Advisors LLC boosted its stake in NuScale Power by 51.0% in the 4th quarter. HighTower Advisors LLC now owns 18,283 shares of the company's stock worth $328,000 after purchasing an additional 6,175 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in NuScale Power by 2,980.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after purchasing an additional 3,576 shares during the period. Institutional investors own 78.37% of the company's stock.
NuScale Power Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider NuScale Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NuScale Power wasn't on the list.
While NuScale Power currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
