NuScale Power (NYSE:SMR) Shares Up 5.4% – Still a Buy?

NuScale Power Co. (NYSE:SMR)’s share price was up 5.4% during trading on Monday . The stock traded as high as $14.27 and last traded at $13.85. Approximately 2,870,592 shares traded hands during trading, a decline of 43% from the average daily volume of 5,018,186 shares. The stock had previously closed at $13.14.

Analyst Ratings Changes

Several equities research analysts recently commented on SMR shares. CLSA started coverage on shares of NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target for the company. Craig Hallum started coverage on shares of NuScale Power in a report on Thursday, September 26th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, B. Riley increased their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, NuScale Power presently has an average rating of “Moderate Buy” and a consensus target price of $9.68.

NuScale Power Price Performance

The business’s 50 day moving average is $9.77 and its two-hundred day moving average is $8.89. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3.39 billion, a P/E ratio of -16.02 and a beta of 1.25.

NuScale Power (NYSE:SMR) last issued its 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 for 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 period in the previous year, the company earned ($0.13) earnings per share.

Insiders Place Their Bets

In other news, insider Robert K. Temple sold 68,558 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $13.02, for a total transaction of $892,625.16. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at approximately $182,983.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert K. Temple sold 68,558 shares of NuScale Power stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $13.02, for a total transaction of $892,625.16. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at $182,983.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Carl M. Fisher sold 12,302 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the sale, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 374,729 shares of company stock worth $4,178,595 over the last 90 days. Corporate insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Avantax Advisory Services Inc. bought a new stake in shares of NuScale Power in the 1st quarter valued at approximately $58,000. CWM LLC boosted its holdings in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of NuScale Power in the 2nd quarter valued at $64,000. TFC Financial Management Inc. purchased a new stake in NuScale Power in the 2nd quarter worth $75,000. Finally, Resurgent Financial Advisors LLC raised its stake in NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after purchasing an additional 7,400 shares during the last quarter. Hedge funds and other institutional investors own 15.28% of the company’s stock.

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.