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

NuScale Power Co. (NYSE:SMR) was the target of unusually large options trading activity on Wednesday. Stock investors bought 19,937 call options on the company. This is an increase of 136% compared to the typical volume of 8,434 call options.

Analysts Set New Price Targets

SMR has been the topic of a number of recent analyst reports. CLSA initiated coverage on shares of NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price objective on the stock. B. Riley increased 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. Finally, Craig Hallum boosted their price objective on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.39.

Insiders Place Their Bets

In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the transaction, the chief financial officer now owns 57,681 shares of the company’s stock, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Robert Ramsey Hamady sold 19,242 shares of the business’s stock in a transaction that occurred 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 approximately $460,294.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert K. Temple sold 68,558 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $13.02, for a total value of $892,625.16. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $182,983.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 374,729 shares of company stock valued at $4,178,595 in the last three months. Corporate insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 purchasing an additional 4,014 shares in the last quarter. CWM LLC raised its stake in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares in the last quarter. International Assets Investment Management LLC bought a new position in NuScale Power in the second quarter worth approximately $64,000. Evanson Asset Management LLC lifted its holdings in NuScale Power by 23.1% during the third quarter. Evanson Asset Management LLC now owns 32,000 shares of the company’s stock worth $371,000 after buying an additional 6,000 shares during the period. Finally, TFC Financial Management Inc. bought a new stake in NuScale Power during the 2nd quarter valued at $75,000. 15.28% of the stock is currently owned by institutional investors.

NuScale Power Stock Down 5.5 %

Shares of NYSE SMR opened at $18.02 on Friday. NuScale Power has a 52-week low of $1.81 and a 52-week high of $19.74. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of -17.50 and a beta of 1.25. The stock has a 50 day moving average price of $10.37 and a 200 day moving average price of $9.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The firm had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same quarter in the prior year, the company posted ($0.13) earnings per share.

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.