NuScale Power (NYSE:SMR) Shares Down 11.2% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report) traded down 11.2% during trading on Monday . The stock traded as low as $21.30 and last traded at $21.75. 7,110,357 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 6,032,265 shares. The stock had previously closed at $24.49.

Analyst Ratings Changes

SMR has been the subject of several research reports. CLSA initiated coverage on NuScale Power in a report on Friday, September 13th. They set an "outperform" rating and a $11.00 price target for the company. Craig Hallum lifted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.39.

NuScale Power Price Performance

The business has a 50 day moving average price of $13.87 and a 200-day moving average price of $10.81. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of -22.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 68.65% and a negative net margin of 1,089.32%. The business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share.

Insider Buying and Selling at NuScale Power

In related news, insider Robert K. Temple sold 50,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the transaction, the insider now owns 19,054 shares of the company's stock, valued at $190,540. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the transaction, the insider now owns 14,054 shares of the company's stock, valued at $255,782.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert K. Temple sold 50,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the transaction, the insider now directly owns 19,054 shares in the company, valued at approximately $190,540. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 478,293 shares of company stock worth $6,179,222. 1.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds have recently modified their holdings of the stock. Catalina Capital Group LLC raised its holdings in NuScale Power by 6.8% during the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock valued at $146,000 after acquiring an additional 809 shares during the period. Indie Asset Partners LLC grew its position in shares of NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock valued at $218,000 after purchasing an additional 1,250 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of NuScale Power by 25.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock valued at $106,000 after purchasing an additional 4,014 shares in the last quarter. US Bancorp DE purchased a new position in shares of NuScale Power during the 3rd quarter valued at $54,000. Finally, Quest Partners LLC grew its position in shares of NuScale Power by 52.4% during the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company's stock valued at $173,000 after purchasing an additional 5,142 shares in the last quarter. Institutional investors own 15.28% 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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