NuScale Power (NYSE:SMR) Shares Up 1.5%

NuScale Power Co. (NYSE:SMR)’s share price traded up 1.5% during trading on Tuesday . The stock traded as high as $7.76 and last traded at $7.68. 645,418 shares traded hands during trading, a decline of 87% from the average session volume of 4,815,738 shares. The stock had previously closed at $7.57.

Analyst Ratings Changes

Separately, B. Riley lifted their price target on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.15.

NuScale Power Stock Up 0.7 %

The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.19 billion, a PE ratio of -10.28 and a beta of 1.22. The business has a 50-day moving average price of $10.04 and a 200-day moving average price of $7.89.

NuScale Power (NYSE:SMR) last announced 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 business 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 last year, the firm earned ($0.13) EPS. As a group, analysts forecast that NuScale Power Co. will post -0.55 earnings per share for the current year.

Insider Transactions at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total transaction of $153,551.16. Following the transaction, the chief financial officer now owns 57,681 shares in the company, valued at $460,294.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 approximately $266,539.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 57,681 shares of the company’s stock, valued at approximately $460,294.38. The disclosure for this sale can be found here. Insiders have sold a total of 81,544 shares of company stock worth $761,686 in the last ninety days. Insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Institutional investors have recently modified their holdings of the business. Avantax Advisory Services Inc. acquired a new stake in NuScale Power during the 1st quarter worth approximately $58,000. SG Americas Securities LLC raised its position in NuScale Power by 268.3% during the 1st quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock worth $286,000 after buying an additional 39,171 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of NuScale Power in the 4th quarter worth $417,000. Van ECK Associates Corp purchased a new stake in shares of NuScale Power in the second quarter valued at about $7,600,000. Finally, Rheos Capital Works Inc. acquired a new position in shares of NuScale Power during the first quarter worth about $1,328,000. 15.28% of the stock is owned by institutional investors and hedge funds.

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.