NuScale Power (NYSE:SMR) Shares Up 3.4% - Time to Buy?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price was up 3.4% on Friday . The stock traded as high as $12.50 and last traded at $12.42. Approximately 1,924,768 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 4,980,792 shares. The stock had previously closed at $12.01.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Craig Hallum assumed coverage on NuScale Power in a research report on Thursday, September 26th. They set a "buy" rating and a $16.00 price target on the stock. B. Riley raised their price target on NuScale Power from $8.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, June 27th. Finally, CLSA assumed coverage on NuScale Power in a research report on Friday, September 13th. They set an "outperform" rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.68.

NuScale Power Price Performance

The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $9.40 and a 200 day moving average price of $8.54. The company has a market capitalization of $3.19 billion, a P/E ratio of -15.46 and a beta of 1.25.

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 (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The firm had revenue of $0.97 million during the quarter, compared to the consensus estimate 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 last year, the firm earned ($0.13) earnings per share.

Insider Buying and Selling at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 19,242 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was 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 approximately $460,294.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Robert Ramsey Hamady sold 19,242 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was 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 approximately $460,294.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Carl M. Fisher sold 12,302 shares of the business'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 directly owns 30,323 shares of the company's stock, valued at $266,539.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 306,171 shares of company stock valued at $3,285,970 in the last three months. Corporate insiders own 1.96% of the company's stock.

Institutional Investors Weigh In On NuScale Power

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in NuScale Power during the 2nd quarter worth $64,000. TFC Financial Management Inc. bought a new stake in NuScale Power during the 2nd quarter worth $75,000. Fortitude Family Office LLC bought a new stake in NuScale Power during the 2nd quarter worth $98,000. Quest Partners LLC bought a new stake in shares of NuScale Power in the 2nd quarter valued at about $115,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of NuScale Power in the 1st quarter valued at about $53,000. Institutional investors own 15.28% 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.