NuScale Power (NYSE:SMR) Trading Down 1.8% – Should You Sell?

NuScale Power Corporation (NYSE:SMR)’s stock price fell 1.8% during trading on Tuesday . The stock traded as low as $16.61 and last traded at $17.1040. 20,303,275 shares were traded during mid-day trading, an increase of 34% from the average session volume of 15,142,817 shares. The stock had previously closed at $17.41.

Wall Street Analyst Weigh In

SMR has been the topic of several analyst reports. Cantor Fitzgerald started coverage on shares of NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price target on the stock. Zacks Research lowered NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. BNP Paribas lowered NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Wall Street Zen cut NuScale Power from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, BNP Paribas Exane cut shares of NuScale Power from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $36.04.

NuScale Power Stock Performance

The stock’s fifty day simple moving average is $30.37 and its two-hundred day simple moving average is $36.01. The stock has a market capitalization of $5.11 billion, a P/E ratio of -5.98 and a beta of 2.09.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The business had revenue of $8.24 million for the quarter, compared to analyst estimates of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.NuScale Power’s revenue for the quarter was up 1635.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) EPS. As a group, analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the transaction, the chief financial officer directly owned 46,283 shares in the company, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,268,457 shares of company stock valued at $577,002,009. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently modified their holdings of SMR. CX Institutional bought a new position in NuScale Power during the third quarter worth $25,000. Nemes Rush Group LLC bought a new position in shares of NuScale Power in the 3rd quarter worth about $25,000. Strategic Advocates LLC bought a new position in shares of NuScale Power in the 3rd quarter worth about $25,000. Quantbot Technologies LP bought a new stake in shares of NuScale Power during the 1st quarter valued at about $27,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after purchasing an additional 359 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.