NuScale Power (NYSE:SMR) Shares Down 1.4% – Time to Sell?

NuScale Power Corporation (NYSE:SMRGet Free Report)’s share price fell 1.4% on Monday . The company traded as low as $9.55 and last traded at $9.6280. 22,514,031 shares changed hands during trading, a decline of 26% from the average session volume of 30,594,857 shares. The stock had previously closed at $9.76.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SMR shares. HSBC began coverage on NuScale Power in a research report on Thursday, April 23rd. They set a “hold” rating and a $13.00 price objective for the company. Northland Securities set a $19.00 target price on shares of NuScale Power in a report on Monday, May 11th. The Goldman Sachs Group set a $9.00 price objective on NuScale Power in a research note on Friday, May 8th. Bank of America started coverage on NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.92.

View Our Latest Research Report on NuScale Power

NuScale Power Trading Down 1.4%

The business’s fifty day simple moving average is $11.32 and its 200-day simple moving average is $13.39. The firm has a market cap of $3.52 billion, a P/E ratio of -3.30 and a beta of 2.24.

NuScale Power (NYSE:SMRGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $0.56 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 95.8% on a year-over-year basis. As a group, research analysts expect that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

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 transaction of $159,435,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 39,936,472 shares of company stock valued at $472,831,169. Insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

A number of large investors have recently bought and sold shares of SMR. Nemes Rush Group LLC purchased a new position in shares of NuScale Power during the third quarter valued at approximately $25,000. Strategic Advocates LLC bought a new position in NuScale Power in the third quarter worth about $25,000. Vermillion & White Wealth Management Group LLC boosted its position in NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after acquiring an additional 1,675 shares in the last quarter. Assetmark Inc. raised its position in shares of NuScale Power by 1,940.3% in the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after acquiring an additional 2,309 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of NuScale Power in the 4th quarter valued at approximately $30,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Company Profile

(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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