NuScale Power (NYSE:SMR) Trading Down 3.1% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price traded down 3.1% during trading on Tuesday . The stock traded as low as $20.40 and last traded at $21.32. 5,860,269 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 5,779,617 shares. The stock had previously closed at $22.00.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SMR shares. Craig Hallum raised their target price 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. CLSA started coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an "outperform" rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given 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 price target of $10.39.

NuScale Power Trading Down 1.6 %

The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $11.68 and a two-hundred day moving average of $9.82. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of -20.98 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 the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The company 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.

Insider Buying and Selling

In related news, COO Carl M. Fisher sold 12,302 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other NuScale Power news, insider Robert K. Temple sold 5,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the sale, the insider now owns 14,054 shares of the company's stock, valued at approximately $134,496.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the firm's 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 sale, the chief operating officer now directly owns 30,323 shares of the company's stock, valued at approximately $266,539.17. This trade represents 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 three months. 1.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently bought and sold shares of SMR. Avantax Advisory Services Inc. purchased a new position in shares of NuScale Power in the first quarter valued at $58,000. SG Americas Securities LLC increased its position in shares of NuScale Power by 268.3% in the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company's stock valued at $286,000 after buying an additional 39,171 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of NuScale Power in the second quarter valued at $7,600,000. Brookstone Capital Management purchased a new position in shares of NuScale Power in the second quarter valued at $126,000. Finally, Truist Financial Corp purchased a new position in shares of NuScale Power in the second quarter valued at $177,000. Institutional investors and hedge funds own 15.28% of the company's stock.

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.