NuScale Power (NYSE:SMR) Shares Up 3.9% – Should You Buy?

by · The Cerbat Gem

NuScale Power Corporation (NYSE:SMRGet Free Report)’s share price was up 3.9% on Friday . The stock traded as high as $13.10 and last traded at $12.67. Approximately 43,940,757 shares were traded during trading, an increase of 50% from the average daily volume of 29,283,316 shares. The stock had previously closed at $12.19.

Analyst Ratings Changes

Several analysts have recently weighed in on SMR shares. HSBC started coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They set a “hold” rating and a $13.00 price objective on the stock. The Goldman Sachs Group set a $9.00 target price on shares of NuScale Power in a report on Friday, May 8th. Northland Securities set a $19.00 target price on shares of NuScale Power in a report on Monday, May 11th. Canaccord Genuity Group reduced their target price on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Royal Bank Of Canada reduced their target price on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, NuScale Power has a consensus rating of “Hold” and an average price target of $15.92.

Check Out Our Latest Report on SMR

NuScale Power Trading Up 3.9%

The company has a market cap of $4.63 billion, a P/E ratio of -4.34 and a beta of 2.24. The company’s fifty day moving average is $11.40 and its 200 day moving average is $15.25.

NuScale Power (NYSE:SMRGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $0.57 million during the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.NuScale Power’s revenue was down 95.8% on a year-over-year basis. Analysts anticipate that NuScale Power Corporation will post -0.79 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Robert Ramsey Hamady sold 18,570 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total value of $226,925.40. Following the completion of the sale, the chief financial officer directly owned 97,192 shares of the company’s stock, valued at approximately $1,187,686.24. This trade represents a 16.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 40,108,335 shares of company stock worth $474,931,335. 1.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Advocates LLC purchased a new stake in shares of NuScale Power in the 3rd quarter worth about $25,000. Nemes Rush Group LLC purchased a new stake in shares of NuScale Power in the 3rd quarter worth about $25,000. Accredited Wealth Management LLC purchased a new stake in shares of NuScale Power in the 3rd quarter worth about $35,000. Triumph Capital Management purchased a new stake in shares of NuScale Power in the 3rd quarter worth about $37,000. Finally, Ameritas Advisory Services LLC lifted its position in shares of NuScale Power by 292.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 1,100 shares of the company’s stock worth $40,000 after purchasing an additional 820 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Company Profile

(Get Free Report)

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.

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