NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price traded up 2.2% on Wednesday . The company traded as high as $12.00 and last traded at $11.6860. 12,924,343 shares were traded during trading, a decline of 50% from the average session volume of 26,041,844 shares. The stock had previously closed at $11.43.
NuScale Power News Roundup
Here are the key news stories impacting NuScale Power this week:
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on SMR. UBS Group cut their target price on shares of NuScale Power from $20.00 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, March 18th. The Goldman Sachs Group dropped their price target on NuScale Power from $20.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, March 2nd. Citigroup cut their price target on NuScale Power from $18.50 to $11.50 and set a "sell" rating on the stock in a report on Monday, March 2nd. TD Cowen lowered NuScale Power from a "buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald lowered their price objective on NuScale Power from $55.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.88.
Get Our Latest Research Report on NuScale Power
NuScale Power Stock Performance
The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -4.04 and a beta of 2.19. The business's 50 day simple moving average is $15.10 and its 200-day simple moving average is $24.18.
NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.70). The firm had revenue of $1.81 million during the quarter, compared to analyst estimates of $8.76 million. NuScale Power had a negative net margin of 1,130.26% and a negative return on equity of 55.23%. As a group, sell-side analysts expect that NuScale Power Corporation will post -0.73 EPS for the current year.
Insider Transactions at NuScale Power
In other news, CTO Jose N. Reyes, Jr. sold 25,951 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total value of $317,121.22. Following the completion of the transaction, the chief technology officer owned 268,081 shares of the company's stock, valued at approximately $3,275,949.82. This represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert Ramsey Hamady sold 18,570 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $226,925.40. Following the completion of the transaction, the chief financial officer directly owned 97,192 shares of the company's stock, valued at approximately $1,187,686.24. The trade was a 16.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 635,610 shares of company stock worth $8,198,439 over the last quarter. Insiders own 1.20% of the company's stock.
Institutional Investors Weigh In On NuScale Power
Several institutional investors have recently bought and sold shares of SMR. Strategic Advocates LLC bought a new stake in shares of NuScale Power during the 3rd quarter worth about $25,000. CX Institutional bought a new position in shares of NuScale Power in the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new position in shares of NuScale Power in the third quarter valued at approximately $25,000. Indiana Trust & Investment Management Co acquired a new position in shares of NuScale Power during the third quarter valued at approximately $34,000. Finally, Accredited Wealth Management LLC bought a new stake in NuScale Power during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 78.37% of the company's stock.
NuScale Power Company Profile
(
Get Free Report)
NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.
At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.
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