NuScale Power (NYSE:SMR) Shares Down 1%

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price traded down 1% on Friday . The company traded as low as $11.60 and last traded at $11.86. 2,308,313 shares were traded during trading, a decline of 50% from the average session volume of 4,601,482 shares. The stock had previously closed at $11.98.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SMR shares. Canaccord Genuity Group boosted their target price on NuScale Power from $4.25 to $8.00 and gave the company a "buy" rating in a report on Monday, March 18th. Wells Fargo & Company restated an "underweight" rating and set a $4.50 price objective (down previously from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. B. Riley lifted their target price on shares of NuScale Power from $8.00 to $14.00 and gave the company a "buy" rating in a report on Thursday. Finally, UBS Group boosted their price target on shares of NuScale Power from $2.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $8.15.

NuScale Power Stock Down 2.3 %

The stock has a fifty day moving average of $7.55 and a two-hundred day moving average of $5.12. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -13.76 and a beta of 1.17.

NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.21) EPS for the quarter, hitting the consensus estimate of ($0.21). The company had revenue of $1.38 million for the quarter, compared to analyst estimates of $3.15 million. NuScale Power had a negative net margin of 342.39% and a negative return on equity of 38.66%. During the same period in the previous year, the firm earned ($0.16) EPS. On average, research analysts expect that NuScale Power Co. will post -0.64 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Robert K. Temple sold 23,806 shares of the company's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $6.07, for a total value of $144,502.42. Following the sale, the general counsel now owns 19,054 shares in the company, valued at approximately $115,657.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel Robert K. Temple sold 23,806 shares of the firm's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $6.07, for a total value of $144,502.42. Following the completion of the transaction, the general counsel now owns 19,054 shares in the company, valued at $115,657.78. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Clayton Scott sold 7,191 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $6.04, for a total transaction of $43,433.64. Following the completion of the sale, the insider now owns 43,549 shares in the company, valued at $263,035.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,131 shares of company stock valued at $339,745. Corporate insiders own 1.96% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in NuScale Power during the 4th quarter valued at $25,000. Essex Private Wealth Management LLC purchased a new stake in NuScale Power during the 4th quarter worth about $33,000. Mesirow Financial Investment Management Inc. acquired a new position in NuScale Power in the 1st quarter valued at about $53,000. Sloy Dahl & Holst LLC purchased a new position in NuScale Power in the 4th quarter valued at about $33,000. Finally, Arizona State Retirement System purchased a new position in NuScale Power in the 4th quarter valued at about $34,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.

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.