Stock Traders Buy High Volume of NuScale Power Call Options (NYSE:SMR)

NuScale Power Corporation (NYSE:SMRGet Free Report) was the target of unusually large options trading activity on Thursday. Traders acquired 105,525 call options on the company. This is an increase of approximately 47% compared to the typical daily volume of 71,738 call options.

NuScale Power News Roundup

Here are the key news stories impacting NuScale Power this week:

NuScale Power Price Performance

SMR stock traded up $1.42 during mid-day trading on Thursday, hitting $11.76. 67,374,801 shares of the stock were exchanged, compared to its average volume of 30,759,205. The business has a fifty day moving average price of $11.43 and a 200 day moving average price of $14.20. NuScale Power has a 12 month low of $8.85 and a 12 month high of $57.42. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -4.03 and a beta of 2.20.

NuScale Power (NYSE:SMRGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The company’s revenue was down 95.8% on a year-over-year basis. As a group, equities analysts forecast that NuScale Power will post -0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. B. Riley Financial decreased their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada cut their price objective on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Zacks Research upgraded shares of NuScale Power from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Bank of America began coverage on shares of NuScale Power in a research note on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.92.

View Our Latest Stock Analysis on NuScale Power

Insiders Place Their Bets

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total value of $159,435,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 39,936,472 shares of company stock worth $472,831,169. Corporate insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Strategic Advocates LLC purchased a new stake in shares of NuScale Power in the 3rd quarter valued at $25,000. Nemes Rush Group LLC purchased a new position in NuScale Power in the 3rd quarter worth $25,000. Accredited Wealth Management LLC bought a new stake in NuScale Power in the third quarter worth $35,000. Triumph Capital Management bought a new stake in NuScale Power in the third quarter worth $37,000. Finally, Ameritas Advisory Services LLC boosted its position in NuScale Power by 292.9% during the third quarter. Ameritas Advisory Services LLC now owns 1,100 shares of the company’s stock valued at $40,000 after buying an additional 820 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

About NuScale Power

(Get Free Report)

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.

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