NuScale Power Co. (NYSE:SMR) CFO Robert Ramsey Hamady Sells 19,242 Shares of Stock

NuScale Power Co. (NYSE:SMR) CFO Robert Ramsey Hamady sold 19,242 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the sale, the chief financial officer now directly owns 57,681 shares of the company’s stock, valued at approximately $460,294.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NuScale Power Trading Up 2.4 %

NuScale Power stock traded up $0.19 during mid-day trading on Thursday, hitting $8.23. The company’s stock had a trading volume of 391,605 shares, compared to its average volume of 4,898,705. The company has a 50 day moving average of $10.63 and a 200-day moving average of $7.53. The stock has a market cap of $2.00 billion, a PE ratio of -9.45 and a beta of 1.25. 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 Co. has a one year low of $1.81 and a one year high of $16.91.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $1.43 million. During the same period in the previous year, the company posted ($0.13) earnings per share. On average, research analysts anticipate that NuScale Power Co. will post -0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price target on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, NuScale Power has an average rating of “Hold” and a consensus target price of $8.15.

Institutional Trading of NuScale Power

Several hedge funds and other institutional investors have recently bought and sold shares of SMR. Strs Ohio acquired a new stake in NuScale Power during the fourth quarter worth $80,000. Swiss National Bank boosted its holdings in NuScale Power by 17.3% in the fourth quarter. Swiss National Bank now owns 73,400 shares of the company’s stock valued at $241,000 after purchasing an additional 10,800 shares during the period. Peregrine Asset Advisers Inc. purchased a new stake in NuScale Power during the 4th quarter worth about $39,000. Jump Financial LLC purchased a new stake in shares of NuScale Power in the 4th quarter valued at about $408,000. Finally, Quadrature Capital Ltd acquired a new position in NuScale Power in the 4th quarter valued at about $417,000. 15.28% of the stock is 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.