NuScale Power (NYSE:SMR) Stock Price Down 1.4%

NuScale Power Co. (NYSE:SMR)’s stock price traded down 1.4% during mid-day trading on Monday . The company traded as low as $9.05 and last traded at $9.14. 1,499,970 shares were traded during trading, a decline of 70% from the average session volume of 5,051,065 shares. The stock had previously closed at $9.27.

Wall Street Analyst Weigh In

Separately, B. Riley upped 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.15.

NuScale Power Price Performance

The stock’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $7.00. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -10.75 and a beta of 1.25.

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 analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 38.66% and a negative net margin of 342.39%. The company had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period last year, the firm posted ($0.13) EPS. As a group, equities research analysts anticipate that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Insider Transactions at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the transaction, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.96% of the stock is owned by insiders.

Hedge Funds Weigh In On NuScale Power

Several institutional investors have recently bought and sold shares of SMR. Price T Rowe Associates Inc. MD increased its position in NuScale Power by 25.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock worth $106,000 after purchasing an additional 4,014 shares during the period. International Assets Investment Management LLC acquired a new stake in NuScale Power in the 2nd quarter valued at approximately $64,000. TFC Financial Management Inc. acquired a new stake in shares of NuScale Power in the second quarter valued at approximately $75,000. Resurgent Financial Advisors LLC grew its holdings in shares of 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 acquiring an additional 7,400 shares in the last quarter. Finally, Evanson Asset Management LLC increased its position in shares of 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 purchasing an additional 7,986 shares during the last quarter. Institutional investors own 15.28% of the company’s stock.

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.