NuScale Power Co. (NYSE:SMR - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $32.03, but opened at $34.85. NuScale Power shares last traded at $32.48, with a volume of 8,660,113 shares.
Analyst Ratings Changes
A number of research firms have recently weighed in on SMR. CLSA set a $41.00 target price on NuScale Power and gave the company an "outperform" rating in a research note on Tuesday, May 27th. BTIG Research reiterated a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the stock a "neutral" rating in a report on Tuesday, May 20th. UBS Group lifted their price objective on NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group set a $35.00 price target on shares of NuScale Power and gave the company a "buy" rating in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.
View Our Latest Analysis on NuScale Power
NuScale Power Stock Performance
The firm has a market cap of $9.77 billion, a P/E ratio of -35.86 and a beta of 2.00. 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 business's 50-day simple moving average is $20.28 and its 200 day simple moving average is $20.96.
NuScale Power (NYSE:SMR - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The business had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. As a group, equities analysts predict that NuScale Power Co. will post -0.73 earnings per share for the current year.
Insider Buying and Selling at NuScale Power
In related news, CEO John Lawrence Hopkins sold 34,675 shares of NuScale Power stock in a transaction on Monday, May 5th. The shares were sold at an average price of $17.00, for a total transaction of $589,475.00. Following the transaction, the chief executive officer now owns 49,019 shares in the company, valued at approximately $833,323. The trade was a 41.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief technology officer now directly owns 516,207 shares in the company, valued at approximately $7,810,211.91. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,278 shares of company stock valued at $2,286,280. Company insiders own 1.27% of the company's stock.
Institutional Trading of NuScale Power
Several institutional investors have recently made changes to their positions in SMR. Quantbot Technologies LP purchased a new stake in NuScale Power during the 1st quarter valued at approximately $27,000. CoreCap Advisors LLC bought a new position in shares of NuScale Power during the fourth quarter worth $33,000. Venturi Wealth Management LLC grew its stake in NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after acquiring an additional 1,500 shares in the last quarter. Twin Tree Management LP bought a new stake in NuScale Power in the 4th quarter valued at $42,000. Finally, NBC Securities Inc. grew its position in shares of NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock valued at $46,000 after purchasing an additional 3,309 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.
About NuScale Power
(
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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.
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