NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price was up 9.8% during mid-day trading on Wednesday . The company traded as high as $25.59 and last traded at $25.23. Approximately 5,344,070 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 12,054,664 shares. The stock had previously closed at $22.98.
Analysts Set New Price Targets
Separately, Craig Hallum boosted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.42.
Read Our Latest Research Report on SMR
NuScale Power Price Performance
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 $6.60 billion, a price-to-earnings ratio of -27.22 and a beta of 1.51. The stock has a 50-day moving average price of $22.05 and a 200 day moving average price of $17.12.
NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $0.48 million during the quarter, compared to analysts' expectations of $6.18 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. During the same quarter in the prior year, the firm posted ($0.26) EPS.
Insider Buying and Selling
In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the sale, the vice president now owns 3,801 shares of the company's stock, valued at $110,229. This trade represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.
Institutional Trading of NuScale Power
Several hedge funds have recently made changes to their positions in SMR. HighTower Advisors LLC boosted its stake in shares of NuScale Power by 51.0% in the fourth quarter. HighTower Advisors LLC now owns 18,283 shares of the company's stock valued at $328,000 after buying an additional 6,175 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of NuScale Power in the fourth quarter valued at about $208,000. Tiemann Investment Advisors LLC purchased a new stake in NuScale Power during the fourth quarter worth about $278,000. PNC Financial Services Group Inc. grew its position in NuScale Power by 2,980.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company's stock worth $66,000 after buying an additional 3,576 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in NuScale Power in the fourth quarter valued at about $2,755,000. Institutional investors and hedge funds own 78.37% of the company's stock.
NuScale Power Company Profile
(
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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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