Investors Purchase Large Volume of Call Options on NuScale Power (NYSE:SMR)

NuScale Power Co. (NYSE:SMR) was the target of some unusual options trading activity on Wednesday. Investors purchased 19,937 call options on the stock. This is an increase of approximately 136% compared to the average volume of 8,434 call options.

NuScale Power Stock Performance

NuScale Power stock traded up $4.49 during mid-day trading on Wednesday, reaching $18.11. The company’s stock had a trading volume of 19,829,986 shares, compared to its average volume of 5,124,924. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -20.28 and a beta of 1.25. NuScale Power has a twelve month low of $1.81 and a twelve month high of $18.41. The business has a 50 day moving average price of $9.98 and a 200-day moving average price of $9.00. 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 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 for the quarter, compared to the consensus estimate of $1.43 million. During the same period in the prior year, the company earned ($0.13) EPS.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Craig Hallum started coverage on NuScale Power in a report on Thursday, September 26th. They issued a “buy” rating and a $16.00 target price on the stock. B. Riley boosted their target price on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, NuScale Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.68.

Insider Activity at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of the stock in a transaction 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 of the company’s stock, valued at $460,294.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, COO Carl M. Fisher sold 12,302 shares of the company’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 transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total transaction of $153,551.16. Following the completion of the transaction, the chief financial officer now owns 57,681 shares in the company, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 374,729 shares of company stock valued at $4,178,595. Company insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in NuScale Power in the fourth quarter worth $417,000. Rheos Capital Works Inc. bought a new stake in shares of NuScale Power in the 1st quarter worth $1,328,000. Evanson Asset Management LLC lifted its holdings in shares of NuScale Power by 44.3% in the first quarter. Evanson Asset Management LLC now owns 26,000 shares of the company’s stock valued at $138,000 after buying an additional 7,986 shares during the period. SG Americas Securities LLC boosted its stake in NuScale Power by 268.3% during the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock valued at $286,000 after buying an additional 39,171 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in NuScale Power during the first quarter worth about $58,000. 15.28% of the stock is currently 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.