NuScale Power (NYSE:SMR) Trading Down 1.2% – Should You Sell?

Shares of NuScale Power Corporation (NYSE:SMR) fell 1.2% during mid-day trading on Tuesday . The stock traded as low as $14.07 and last traded at $14.3060. 19,285,271 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 15,363,698 shares. The stock had previously closed at $14.48.

Analyst Ratings Changes

Several analysts have recently commented on SMR shares. Canaccord Genuity Group raised their target price on shares of NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. BNP Paribas Exane downgraded NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. BNP Paribas downgraded shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. B. Riley decreased their target price on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, The Goldman Sachs Group decreased their price objective 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. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, NuScale Power has a consensus rating of “Reduce” and a consensus price target of $35.18.

NuScale Power Trading Down 1.2%

The business’s 50-day moving average is $24.81 and its two-hundred day moving average is $34.70. The firm has a market cap of $4.27 billion, a P/E ratio of -5.00 and a beta of 2.09.

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

Insider Activity at NuScale Power

In related news, Director Corp Fluor sold 863,912 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $38.42, for a total transaction of $33,191,499.04. Following the completion of the sale, the director directly owned 2,560,366 shares in the company, valued at approximately $98,369,261.72. This trade represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the sale, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,996,632 shares of company stock valued at $158,490,067 over the last quarter. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CX Institutional purchased a new position in NuScale Power during the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new stake in shares of NuScale Power during the 3rd quarter worth about $25,000. Strategic Advocates LLC acquired a new stake in NuScale Power in the third quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of NuScale Power by 84.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after purchasing an additional 359 shares during the last quarter. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of NuScale Power during the 3rd quarter worth about $34,000. 78.37% of the stock is 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.