NuScale Power (NYSE:SMR - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.71, Zacks reports. The company had revenue of $34.20 million for the quarter, compared to the consensus estimate of $1.07 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%.
NuScale Power Trading Down 8.2 %
Shares of SMR stock traded down $1.43 during trading hours on Thursday, reaching $15.90. The company had a trading volume of 8,476,554 shares, compared to its average volume of 11,969,616. The company has a 50 day moving average of $21.33 and a 200 day moving average of $18.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -16.73 and a beta of 1.58. NuScale Power has a 1-year low of $3.79 and a 1-year high of $32.30.
Insider Activity
In related news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.
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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