NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price was up 7.9% on Friday . The company traded as high as $25.58 and last traded at $25.44. Approximately 5,800,447 shares were traded during trading, a decline of 51% from the average daily volume of 11,756,593 shares. The stock had previously closed at $23.58.
Wall Street Analyst Weigh In
Separately, Craig Hallum upped their price target on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, NuScale Power currently has a consensus rating of "Moderate Buy" and an average target price of $11.42.
Read Our Latest Stock Report on SMR
NuScale Power Stock Performance
The stock has a market cap of $6.34 billion, a PE ratio of -26.16 and a beta of 1.51. 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 business has a 50 day moving average price of $22.29 and a two-hundred day moving average price of $16.88.
NuScale Power (NYSE:SMR - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The company had revenue of $0.48 million for the quarter, compared to the consensus estimate of $6.18 million. During the same period in the previous year, the firm posted ($0.26) EPS.
Insiders Place Their Bets
In related news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares of the company's stock, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were 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 owns 34,675 shares of the company's stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On NuScale Power
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in shares of NuScale Power in the second quarter valued at about $520,000. Squarepoint Ops LLC bought a new stake in shares of NuScale Power in the 2nd quarter worth about $783,000. The Manufacturers Life Insurance Company raised its holdings in shares of NuScale Power by 37.7% in the second quarter. The Manufacturers Life Insurance Company now owns 29,549 shares of the company's stock worth $345,000 after buying an additional 8,096 shares during the period. Truist Financial Corp purchased a new position in NuScale Power in the 2nd quarter worth about $177,000. Finally, Park Avenue Securities LLC purchased a new position in NuScale Power during the 3rd quarter worth $217,000. 78.37% of the stock is owned by hedge funds and other institutional investors.
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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