NuScale Power (NYSE:SMR) Stock Price Down 7.1% – Time to Sell?

NuScale Power Corporation (NYSE:SMR)’s stock price fell 7.1% during mid-day trading on Monday . The company traded as low as $18.28 and last traded at $18.36. 21,845,737 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 33,943,707 shares. The stock had previously closed at $19.77.

Analysts Set New Price Targets

Several research firms recently weighed in on SMR. Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. UBS Group set a $20.00 price objective on shares of NuScale Power in a report on Tuesday, November 25th. Cantor Fitzgerald started coverage on NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price target on the stock. The Goldman Sachs Group cut their target price on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Finally, Zacks Research cut shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.42.

NuScale Power Price Performance

The business has a 50-day simple moving average of $18.62 and a 200-day simple moving average of $32.11.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The business had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same quarter last year, the firm posted ($0.18) EPS. The company’s revenue for the quarter was up 1635.2% on a year-over-year basis. As a group, equities research analysts expect that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Activity

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the transaction, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at $1,026,094.11. The trade was a 46.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently made changes to their positions in the stock. Moran Wealth Management LLC increased its position in shares of NuScale Power by 39.7% in the fourth quarter. Moran Wealth Management LLC now owns 29,945 shares of the company’s stock valued at $424,000 after buying an additional 8,517 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in NuScale Power by 35.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company’s stock valued at $11,659,000 after acquiring an additional 213,329 shares during the last quarter. KBC Group NV increased its holdings in NuScale Power by 53.1% during the 4th quarter. KBC Group NV now owns 4,871 shares of the company’s stock valued at $69,000 after acquiring an additional 1,690 shares in the last quarter. PFG Investments LLC acquired a new position in NuScale Power during the fourth quarter worth about $160,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of NuScale Power by 11.6% in the fourth quarter. Farther Finance Advisors LLC now owns 37,982 shares of the company’s stock valued at $538,000 after purchasing an additional 3,960 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

About NuScale Power

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.