NuScale Power (NYSE:SMR) Shares Up 1.8% – Still a Buy?

Shares of NuScale Power Co. (NYSE:SMR) traded up 1.8% during trading on Thursday . The stock traded as high as $18.30 and last traded at $17.63. 4,249,619 shares were traded during mid-day trading, a decline of 24% from the average session volume of 5,598,655 shares. The stock had previously closed at $17.32.

Analyst Upgrades and Downgrades

SMR has been the topic of a number of recent analyst reports. CLSA assumed coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. Craig Hallum boosted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Stock Up 0.1 %

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 company has a market capitalization of $4.59 billion, a price-to-earnings ratio of -17.87 and a beta of 1.25. The firm’s 50-day simple moving average is $11.43 and its two-hundred day simple moving average is $9.65.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The firm had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same quarter in the prior year, the company earned ($0.13) EPS.

Insider Activity

In related news, COO Carl M. Fisher sold 12,302 shares of the 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 sale, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at approximately $266,539.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the company’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 sale, the chief operating officer now owns 30,323 shares of the company’s stock, valued at $266,539.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert K. Temple sold 144,627 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $153,188.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 490,595 shares of company stock worth $6,287,356 over the last 90 days. 1.96% of the stock is currently owned by corporate insiders.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in NuScale Power by 268.3% in the 1st quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock valued at $286,000 after purchasing an additional 39,171 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of NuScale Power during the first quarter worth about $58,000. Resurgent Financial Advisors LLC raised its position in shares of NuScale Power by 100.0% in the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after buying an additional 7,400 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of NuScale Power by 25.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after buying an additional 4,014 shares during the period. Finally, Virtu Financial LLC acquired a new stake in NuScale Power during the first quarter worth approximately $98,000. 15.28% of the stock is currently owned by hedge funds and other institutional investors.

About NuScale Power

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.