NuScale Power (NYSE:SMR) Trading Down 1.1% - Should You Sell?

Key Points

• The stock of NuScale Power (NYSE:SMR) experienced a decline of 1.1%, trading at $43.93 with a significant drop in volume by 64% from the average.
• Analysts have varied evaluations on NuScale Power, with a consensus rating of "Hold" and an average target price of $33.00, while eight analysts have a hold rating and three a buy rating.
• In its latest earnings report, NuScale reported a revenue of $13.38 million, surpassing the estimated $1.46 million, but still has a negative net margin of -273.36%.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price traded down 1.1% during trading on Monday . The stock traded as low as $44.68 and last traded at $43.93. 4,147,383 shares were traded during trading, a decline of 64% from the average session volume of 11,427,657 shares. The stock had previously closed at $44.43.

Analysts Set New Price Targets

Several research analysts have issued reports on SMR shares. Northland Securities started coverage on NuScale Power in a report on Monday, July 7th. They issued a "market perform" rating and a $35.00 price target on the stock. BNP Paribas Exane assumed coverage on shares of NuScale Power in a research note on Friday, July 25th. They set a "neutral" rating and a $41.00 target price on the stock. BTIG Research downgraded shares of NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Citigroup initiated coverage on shares of NuScale Power in a report on Monday, June 23rd. They set a "neutral" rating and a $46.00 price target on the stock. Finally, UBS Group boosted their price target on shares of NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $33.00.

NuScale Power Stock Performance

The firm has a market capitalization of $12.32 billion, a P/E ratio of -31.65 and a beta of 2.06. The firm's 50-day moving average is $39.77 and its 200 day moving average is $26.32.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. The firm had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. As a group, research analysts expect that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 26,345 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $23.66, for a total value of $623,322.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.96% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of NuScale Power during the 1st quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of NuScale Power by 84.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock valued at $31,000 after acquiring an additional 359 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of NuScale Power during the fourth quarter valued at $33,000. NBC Securities Inc. raised its stake 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 acquiring an additional 3,309 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of NuScale Power by 21.3% during the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock valued at $46,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 78.37% 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.

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