NuScale Power (SMR) Scheduled to Post Earnings on Thursday

NuScale Power (NYSE:SMR - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Persons interested in participating in the company's earnings conference call can do so using this link.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $1.43 million. During the same period in the prior year, the business earned ($0.13) earnings per share.

NuScale Power Price Performance

SMR stock traded down $1.66 during midday trading on Thursday, reaching $19.14. 9,668,568 shares of the company's stock traded hands, compared to its average volume of 5,863,870. The company has a 50-day simple moving average of $12.40 and a two-hundred day simple moving average of $10.08. NuScale Power has a 1-year low of $1.81 and a 1-year high of $22.75. The company has a market cap of $4.77 billion, a price-to-earnings ratio of -18.58 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMR. Craig Hallum raised their price target on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 17th. CLSA started 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.39.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the transaction, the chief financial officer now directly owns 57,681 shares in the company, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Robert K. Temple sold 115,866 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at $255,782.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the transaction, the chief financial officer now owns 57,681 shares in the company, valued at $460,294.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 490,595 shares of company stock worth $6,287,356. Insiders own 1.96% 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.