NuScale Power (NYSE:SMR) Shares Down 2.7% – What’s Next?

NuScale Power Co. (NYSE:SMR)’s share price was down 2.7% during trading on Friday . The company traded as low as $27.77 and last traded at $28.30. Approximately 6,842,753 shares were traded during trading, a decline of 32% from the average daily volume of 10,056,829 shares. The stock had previously closed at $29.08.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum lifted their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Trading Down 0.8 %

The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $7.36 billion, a P/E ratio of -30.43 and a beta of 1.47. The firm has a 50 day moving average of $22.89 and a 200-day moving average of $16.32.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The company had revenue of $0.48 million during the quarter, compared to the consensus estimate of $6.18 million. During the same quarter last year, the firm posted ($0.26) earnings per share.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

A number of institutional investors have recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its position in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in NuScale Power in the 4th quarter valued at about $67,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power in the 3rd quarter valued at about $44,000. KBC Group NV bought a new position in NuScale Power in the 4th quarter valued at about $70,000. Finally, US Bancorp DE bought a new position in NuScale Power in the 3rd quarter valued at about $54,000. Institutional investors own 78.37% 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.