Insider Selling: NuScale Power Co. (NYSE:SMR) Insider Sells $47,850.00 in Stock

NuScale Power Co. (NYSE:SMR) insider Robert K. Temple sold 5,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the sale, the insider now owns 14,054 shares in the company, valued at $134,496.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $9.17 on Thursday. The stock has a fifty day simple moving average of $9.69 and a 200 day simple moving average of $8.11. NuScale Power Co. has a 12-month low of $1.81 and a 12-month high of $16.91. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data 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 net margin of 592.28% and a negative return on equity of 61.82%. The business had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. During the same quarter last year, the company earned ($0.13) EPS. Sell-side analysts expect that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of NuScale Power

A number of institutional investors have recently added to or reduced their stakes in SMR. Price T Rowe Associates Inc. MD raised its holdings in shares of NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after acquiring an additional 4,014 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of NuScale Power during the 2nd quarter valued at about $64,000. TFC Financial Management Inc. bought a new position in shares of NuScale Power during the 2nd quarter valued at about $75,000. Resurgent Financial Advisors LLC increased its position in shares of NuScale Power by 100.0% during 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. Finally, Evanson Asset Management LLC grew its position in NuScale Power by 44.3% during the 1st quarter. Evanson Asset Management LLC now owns 26,000 shares of the company’s stock worth $138,000 after acquiring an additional 7,986 shares during the last quarter. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SMR shares. B. Riley boosted their price target on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. CLSA assumed coverage on NuScale Power in a research note on Friday, September 13th. They issued an “outperform” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.63.

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.