NuScale Power Co. (NYSE:SMR – Get Free Report) insider Clayton Scott sold 7,191 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $6.04, for a total value of $43,433.64. Following the transaction, the insider now directly owns 43,549 shares in the company, valued at approximately $263,035.96. The transaction was disclosed in a filing with the SEC, which is available at this link.
NuScale Power Trading Up 3.4 %
SMR stock opened at $5.86 on Thursday. The business’s 50-day moving average is $5.50 and its 200 day moving average is $3.79. NuScale Power Co. has a 12-month low of $1.81 and a 12-month high of $11.21. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -7.32 and a beta of 0.98.
NuScale Power (NYSE:SMR – Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. The firm had revenue of $4.56 million during the quarter, compared to analyst estimates of $1.75 million. As a group, equities analysts forecast that NuScale Power Co. will post -0.64 EPS for the current fiscal year.
Hedge Funds Weigh In On NuScale Power
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Canaccord Genuity Group boosted their price target on NuScale Power from $4.25 to $8.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. UBS Group raised their target price on shares of NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Wells Fargo & Company restated an “underweight” rating and issued a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. Finally, Canaccord Genuity Group started coverage on shares of NuScale Power in a research report on Monday, January 29th. They set a “buy” rating and a $4.25 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.75.
View Our Latest Stock Report on NuScale Power
NuScale Power Company Profile
NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.
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