NuScale Power (NYSE:SMR) Trading Up 2.6% – Should You Buy?

NuScale Power Corporation (NYSE:SMR) shares shot up 2.6% on Wednesday . The stock traded as high as $19.99 and last traded at $19.7350. 19,375,066 shares traded hands during trading, a decline of 46% from the average session volume of 36,051,375 shares. The stock had previously closed at $19.23.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank Of Canada dropped their price target on shares of NuScale Power from $35.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Citigroup reiterated a “sell” rating and issued a $37.50 target price (down from $46.00) on shares of NuScale Power in a report on Tuesday, October 21st. BNP Paribas Exane cut NuScale Power from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 21st. Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.75.

NuScale Power Price Performance

The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of -6.90 and a beta of 2.12. The stock has a 50 day simple moving average of $20.00 and a two-hundred day simple moving average of $33.04.

NuScale Power (NYSE:SMR) last released its quarterly earnings data 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). NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The business had revenue of $8.24 million for the quarter, compared to analyst estimates of $11.29 million. During the same period in the prior year, the company posted ($0.18) earnings per share. The company’s revenue was up 1635.2% compared to the same quarter last year. Equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the stock in a transaction that occurred 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 in the company, valued at $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CX Institutional acquired a new stake in NuScale Power during the 3rd quarter worth $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power in the third quarter valued at $25,000. Strategic Advocates LLC acquired a new position in NuScale Power in the third quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of NuScale Power by 84.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after purchasing an additional 359 shares during the last quarter. Finally, Indiana Trust & Investment Management Co acquired a new stake in shares of NuScale Power during the third quarter worth about $34,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

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.