NuScale Power Target of Unusually High Options Trading (NYSE:SMR)

NuScale Power Co. (NYSE:SMR - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors purchased 27,223 call options on the stock. This is an increase of approximately 88% compared to the typical volume of 14,502 call options.

NuScale Power Stock Down 2.0 %

Shares of NuScale Power stock traded down $0.39 during trading hours on Friday, hitting $18.75. The company had a trading volume of 7,785,302 shares, compared to its average volume of 5,873,152. The company's 50-day moving average is $12.40 and its two-hundred day moving average is $10.08. NuScale Power has a twelve month low of $1.81 and a twelve month high of $22.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $4.67 billion, a P/E ratio of -19.61 and a beta of 1.25.

NuScale Power (NYSE:SMR - Get Free Report) last issued 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). The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same quarter in the prior year, the company earned ($0.13) EPS.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction on Tuesday, August 27th. The shares were 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 of the company's stock, valued at approximately $460,294.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of NuScale Power stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the completion of the transaction, the chief operating officer now owns 30,323 shares of the company's stock, valued at approximately $266,539.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total transaction of $153,551.16. Following the completion of the transaction, the chief financial officer now directly owns 57,681 shares of the company's stock, valued at $460,294.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 490,595 shares of company stock valued at $6,287,356 over the last 90 days. Insiders own 1.96% of the company's stock.

Institutional Trading of NuScale Power

Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of NuScale Power by 268.3% in the 1st quarter. SG Americas Securities LLC now owns 53,772 shares of the company's stock valued at $286,000 after purchasing an additional 39,171 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of NuScale Power in the 1st quarter valued at about $58,000. Resurgent Financial Advisors LLC increased its holdings in shares of NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company's stock valued at $79,000 after purchasing an additional 7,400 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of NuScale Power by 25.5% in 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. Finally, Virtu Financial LLC purchased a new position in shares of NuScale Power in the 1st quarter valued at about $98,000. Institutional investors and hedge funds own 15.28% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an "outperform" rating and a $11.00 target price for the company. 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 research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $10.39.

About NuScale Power

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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