NuScale Power (NYSE:SMR) Trading 3.3% Higher – Time to Buy?

NuScale Power Corporation (NYSE:SMR) rose 3.3% during trading on Thursday . The company traded as high as $9.19 and last traded at $9.0530. Approximately 20,790,035 shares were traded during trading, a decline of 32% from the average daily volume of 30,393,996 shares. The stock had previously closed at $8.76.

Analysts Set New Price Targets

SMR has been the subject of several recent analyst reports. Northland Securities set a $19.00 target price on shares of NuScale Power in a research note on Monday, May 11th. Citigroup dropped their target price on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Bank of America assumed coverage on NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 target price on the stock. The Goldman Sachs Group set a $9.00 price target on NuScale Power in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.92.

NuScale Power Stock Performance

The stock’s fifty day simple moving average is $11.02 and its two-hundred day simple moving average is $13.16. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -3.11 and a beta of 2.24.

NuScale Power (NYSE:SMR) last released its quarterly earnings data 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 analyst estimates of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The business’s revenue for the quarter was down 95.8% on a year-over-year basis. Analysts predict that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.28% of the company’s stock.

Institutional Trading of NuScale Power

A number of institutional investors have recently modified their holdings of SMR. Strategic Advocates LLC acquired a new stake in NuScale Power during the 3rd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC lifted its position in NuScale Power by 1,550.9% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after buying an additional 1,675 shares in the last quarter. Assetmark Inc. lifted its position in NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after buying an additional 2,309 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in NuScale Power during the fourth quarter worth approximately $30,000. Finally, Harbour Investments Inc. grew its stake in NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock worth $34,000 after buying an additional 592 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Company Profile

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.