NuScale Power (NYSE:SMR) Sees Strong Trading Volume

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) saw an uptick in trading volume on Tuesday . 2,973,968 shares traded hands during trading, a decline of 39% from the previous session's volume of 4,854,768 shares.The stock last traded at $11.97 and had previously closed at $10.89.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. B. Riley boosted their target price on shares of NuScale Power from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, June 27th. CLSA assumed coverage on NuScale Power in a research note on Friday, September 13th. They set an "outperform" rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $8.63.

NuScale Power Stock Up 9.7 %

The stock has a market cap of $2.90 billion, a P/E ratio of -14.06 and a beta of 1.22. The company's fifty day moving average price is $9.43 and its 200-day moving average price is $8.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66.

NuScale Power (NYSE:SMR - Get Free Report) last announced its 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). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The business had revenue of $0.97 million for the quarter, compared to analysts' expectations of $1.43 million. During the same quarter last year, the firm earned ($0.13) EPS. Equities analysts forecast that NuScale Power Co. will post -0.55 EPS for the current year.

Insider Transactions at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 144,627 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $10.90, for a total value of $1,576,434.30. Following the completion of the sale, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $153,188.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other NuScale Power news, insider Robert K. Temple sold 144,627 shares of NuScale Power stock in a transaction on Friday, September 20th. The stock was sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the completion of the sale, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $153,188.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert K. Temple sold 5,000 shares of the company'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 $134,496.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,171 shares of company stock worth $2,385,970. Insiders own 1.96% of the company's stock.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently modified their holdings of the business. Truist Financial Corp purchased a new position in NuScale Power during the second quarter valued at approximately $177,000. Susquehanna Fundamental Investments LLC bought a new stake in NuScale Power during the 2nd quarter valued at $419,000. The Manufacturers Life Insurance Company increased its holdings in shares of NuScale Power by 37.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,549 shares of the company's stock valued at $345,000 after acquiring an additional 8,096 shares during the period. Squarepoint Ops LLC bought a new position in shares of NuScale Power in the 2nd quarter worth $783,000. Finally, Sei Investments Co. bought a new position in shares of NuScale Power in the 2nd quarter worth $520,000. 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.