NuScale Power (NYSE:SMR) Shares Up 1.5%

NuScale Power Co. (NYSE:SMR)’s share price traded up 1.5% on Tuesday . The stock traded as high as $7.76 and last traded at $7.68. 645,418 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 4,815,738 shares. The stock had previously closed at $7.57.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their price objective on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.15.

NuScale Power Price Performance

The stock’s 50 day moving average is $10.15 and its two-hundred day moving average is $7.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $2.01 billion, a PE ratio of -9.47 and a beta of 1.22.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The business had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same quarter in the previous year, the company posted ($0.13) EPS. As a group, sell-side analysts forecast that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert K. Temple sold 50,000 shares of NuScale Power stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the sale, the insider now owns 19,054 shares in the company, valued at $190,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of NuScale Power 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 transaction, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert K. Temple sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total transaction of $500,000.00. Following the completion of the sale, the insider now directly owns 19,054 shares of the company’s stock, valued at $190,540. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,544 shares of company stock valued at $761,686. 1.96% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of NuScale Power in the second quarter valued at $64,000. TFC Financial Management Inc. purchased a new position in NuScale Power during the second quarter worth $75,000. Fortitude Family Office LLC acquired a new position in shares of NuScale Power in the second quarter worth $98,000. Quest Partners LLC purchased a new stake in shares of NuScale Power in the second quarter valued at $115,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of NuScale Power during the first quarter valued at $53,000. Hedge funds and other 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.