NuScale Power Co. (NYSE:SMR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NuScale Power Co. (NYSE:SMR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $8.63.

Several brokerages recently commented on SMR. CLSA began coverage on NuScale Power in a report on Friday. They issued an “outperform” rating and a $11.00 price objective for the company. B. Riley boosted their price target on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 27th.

NuScale Power Price Performance

SMR opened at $8.63 on Friday. The company’s 50-day simple moving average is $9.98 and its two-hundred day simple moving average is $7.90. NuScale Power has a 52-week low of $1.81 and a 52-week high of $16.91. The stock has a market capitalization of $2.15 billion, a P/E ratio of -10.15 and a beta of 1.22. 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 issued its earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The company had revenue of $0.97 million during the quarter, compared to analysts’ expectations 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 business posted ($0.13) EPS. As a group, analysts predict that NuScale Power will post -0.55 EPS for the current year.

Insider Transactions at NuScale Power

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in shares of NuScale Power in the second quarter worth $64,000. TFC Financial Management Inc. purchased a new stake in NuScale Power in the 2nd quarter worth $75,000. Fortitude Family Office LLC bought a new position in shares of NuScale Power during the 2nd quarter valued at about $98,000. Quest Partners LLC purchased a new position in shares of NuScale Power during the second quarter valued at about $115,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of NuScale Power in the first quarter worth about $53,000. 15.28% of the stock is currently owned by 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.