NuScale Power (NYSE:SMR) Trading 5.2% Higher – What’s Next?

NuScale Power Co. (NYSE:SMR)’s stock price traded up 5.2% during trading on Wednesday . The company traded as high as $23.28 and last traded at $22.05. 8,244,521 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 11,664,905 shares. The stock had previously closed at $20.95.

Analyst Ratings Changes

Separately, Craig Hallum raised their price target 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 given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company’s 50-day moving average price is $22.72 and its 200 day moving average price is $16.55. The stock has a market capitalization of $5.45 billion, a PE ratio of -22.54 and a beta of 1.47.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The business had revenue of $0.48 million during the quarter, compared to analysts’ expectations of $6.18 million. During the same period in the prior year, the company earned ($0.26) earnings per share.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Toth Financial Advisory Corp boosted its stake in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after acquiring an additional 1,800 shares during the period. Union Bancaire Privee UBP SA purchased a new position in NuScale Power during the fourth quarter valued at $67,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power in the third quarter worth about $44,000. KBC Group NV purchased a new position in shares of NuScale Power in the 4th quarter worth $70,000. Finally, US Bancorp DE purchased a new stake in NuScale Power during the 3rd quarter valued at $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.