NuScale Power (NYSE:SMR) Stock Price Up 3.4% – Should You Buy?

NuScale Power Co. (NYSE:SMR) rose 3.4% during mid-day trading on Friday . The company traded as high as $12.50 and last traded at $12.42. Approximately 1,924,768 shares were traded during trading, a decline of 61% from the average daily volume of 4,980,792 shares. The stock had previously closed at $12.01.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SMR. CLSA initiated coverage on shares of NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price for the company. B. Riley upped their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, Craig Hallum began coverage on NuScale Power in a report on Thursday, September 26th. They set a “buy” rating and a $16.00 price objective on the stock. One investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.68.

NuScale Power Stock Performance

The company has a market cap of $3.28 billion, a P/E ratio of -15.47 and a beta of 1.25. The business has a 50 day moving average price of $9.45 and a two-hundred day moving average price of $8.56. 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) last announced its quarterly earnings data 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 net margin of 592.28% and a negative return on equity of 61.82%. The company had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. During the same quarter in the previous year, the firm posted ($0.13) EPS.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the transaction, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The trade was 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. In related news, COO Carl M. Fisher sold 12,302 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the transaction, the chief financial officer now directly owns 57,681 shares of the company’s stock, valued at $460,294.38. The trade was 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 quarter. Company insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Several large investors have recently added to or reduced their stakes in SMR. Quadrature Capital Ltd bought a new position in NuScale Power in the 4th quarter worth $417,000. Rheos Capital Works Inc. bought a new stake in shares of NuScale Power during the 1st quarter valued at about $1,328,000. Evanson Asset Management LLC increased its position in shares of NuScale Power by 44.3% during the first quarter. Evanson Asset Management LLC now owns 26,000 shares of the company’s stock valued at $138,000 after buying an additional 7,986 shares during the period. Private Capital Advisors Inc. bought a new position in NuScale Power in the first quarter worth about $159,000. Finally, SG Americas Securities LLC lifted its holdings in NuScale Power by 268.3% in the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock worth $286,000 after buying an additional 39,171 shares during the period. 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.