NuScale Power (NYSE:SMR) Sets New 12-Month Low – Here’s Why

Shares of NuScale Power Corporation (NYSE:SMR) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.73 and last traded at $8.7550, with a volume of 10143553 shares changing hands. The stock had previously closed at $9.61.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SMR shares. Citigroup lowered their price target on NuScale Power from $9.00 to $7.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. UBS Group dropped their price objective on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Bank of America started coverage on NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 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. Finally, The Goldman Sachs Group set a $9.00 target price on NuScale Power in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.92.

NuScale Power Stock Down 6.7%

The company’s 50 day moving average price is $11.26 and its 200-day moving average price is $13.34. The stock has a market cap of $3.28 billion, a P/E ratio of -3.07 and a beta of 2.24.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. The business’s revenue for the quarter was down 95.8% on a year-over-year basis. Equities research analysts anticipate that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $12.07, for a total transaction of $162,945,000.00. Following the completion of the transaction, the director owned 26,436,472 shares in the company, valued at approximately $319,088,217.04. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 39,936,472 shares of company stock valued at $472,831,169 over the last 90 days. 1.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new position in NuScale Power in the third quarter worth $25,000. Strategic Advocates LLC bought a new stake in shares of NuScale Power in the 3rd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC increased 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 purchasing an additional 1,675 shares during the period. Assetmark Inc. raised its stake in NuScale Power by 1,940.3% in the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after buying 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. 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.