NuScale Power (NYSE:SMR) Stock Price Up 1.4% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price shot up 1.4% during trading on Monday . The company traded as high as $35.37 and last traded at $34.84. 4,742,582 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 9,261,241 shares. The stock had previously closed at $34.36.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the company a "neutral" rating in a research note on Tuesday, May 20th. CLSA set a $41.00 price objective on shares of NuScale Power and gave the company an "outperform" rating in a research report on Tuesday, May 27th. UBS Group upped their target price on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. BTIG Research reissued a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, Canaccord Genuity Group set a $35.00 price objective on shares of NuScale Power and gave the stock a "buy" rating in a research report on Thursday, May 29th. 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 company has an average rating of "Moderate Buy" and a consensus target price of $27.00.

NuScale Power Stock Up 20.9%

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of -43.98 and a beta of 2.00. The business's fifty day simple moving average is $21.49 and its 200 day simple moving average is $21.06.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.06. The firm had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. Equities analysts forecast that NuScale Power Co. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NuScale Power news, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.94, for a total transaction of $26,511.10. Following the transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 34,675 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $17.00, for a total value of $589,475.00. Following the sale, the chief executive officer now directly owns 49,019 shares in the company, valued at approximately $833,323. This represents a 41.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,278 shares of company stock valued at $2,286,280 in the last 90 days. 1.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock worth $191,000 after acquiring an additional 656 shares in the last quarter. Deutsche Bank AG boosted its stake in NuScale Power by 0.9% in the 1st quarter. Deutsche Bank AG now owns 76,082 shares of the company's stock worth $1,077,000 after purchasing an additional 686 shares during the period. Farther Finance Advisors LLC increased its holdings in NuScale Power by 6.9% during the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company's stock worth $189,000 after purchasing an additional 833 shares in the last quarter. Amalgamated Bank raised its stake in shares of NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after purchasing an additional 986 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of NuScale Power by 16.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock valued at $159,000 after purchasing an additional 1,260 shares in the last quarter. Institutional investors 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.