NuScale Power (NYSE:SMR) Shares Up 1.4%

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price traded up 1.4% during trading on Wednesday . The stock traded as high as $9.25 and last traded at $9.22. 635,069 shares traded hands during trading, a decline of 87% from the average session volume of 4,774,640 shares. The stock had previously closed at $9.09.

Wall Street Analyst Weigh In

SMR has been the subject of several analyst reports. B. Riley boosted their target price on shares of NuScale Power from $8.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, June 27th. CLSA initiated coverage on shares of NuScale Power in a research report on Friday, September 13th. They issued an "outperform" rating and a $11.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $8.63.

NuScale Power Stock Performance

The firm's 50 day simple moving average is $9.69 and its 200-day simple moving average is $8.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -10.79 and a beta of 1.22.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.18). The business had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same quarter in the previous year, the company posted ($0.13) EPS. On average, sell-side analysts predict that NuScale Power Co. will post -0.55 EPS for the current year.

Insiders Place Their Bets

In related news, COO Carl M. Fisher sold 12,302 shares of the company's stock in a transaction dated 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 sale, the chief operating officer now owns 30,323 shares of the company's stock, valued at $266,539.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of the stock in a transaction dated 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 owns 57,681 shares of the company's stock, valued at $460,294.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Carl M. Fisher sold 12,302 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the transaction, the chief operating officer now owns 30,323 shares in the company, valued at $266,539.17. The disclosure for this sale can be found here. Insiders sold 86,544 shares of company stock valued at $809,536 in the last three months. 1.96% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

A number of institutional investors and hedge funds have recently bought and sold shares of SMR. Price T Rowe Associates Inc. MD increased its stake in shares of NuScale Power by 25.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock worth $106,000 after buying an additional 4,014 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of NuScale Power during the 2nd quarter worth $64,000. TFC Financial Management Inc. acquired a new position in shares of NuScale Power during the second quarter worth $75,000. Resurgent Financial Advisors LLC increased its holdings in NuScale Power by 100.0% in the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company's stock valued at $79,000 after buying an additional 7,400 shares during the last quarter. Finally, Evanson Asset Management LLC raised its stake in NuScale Power by 44.3% in the first quarter. Evanson Asset Management LLC now owns 26,000 shares of the company's stock valued at $138,000 after buying an additional 7,986 shares in the last quarter. 15.28% of the stock is currently owned by hedge funds and other institutional investors.

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.