Insider Selling: NuScale Power Co. (NYSE:SMR) COO Sells 12,302 Shares of Stock

NuScale Power Co. (NYSE:SMR) COO Carl M. Fisher sold 12,302 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the completion of the transaction, the chief operating officer now owns 30,323 shares of the company’s stock, valued at $266,539.17. The transaction was disclosed in a filing with the SEC, which is available at this link.

NuScale Power Trading Up 6.8 %

Shares of SMR stock traded up $0.55 during trading hours on Wednesday, reaching $8.68. The company’s stock had a trading volume of 6,092,866 shares, compared to its average volume of 5,064,017. The stock has a market capitalization of $2.11 billion, a P/E ratio of -10.49 and a beta of 1.25. The firm’s fifty day simple moving average is $10.48 and its 200 day simple moving average is $6.86. NuScale Power Co. has a one year low of $1.81 and a one year high of $16.91.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, May 9th. The company reported ($0.21) EPS for the quarter, meeting analysts’ consensus estimates of ($0.21). The company had revenue of $1.38 million during the quarter, compared to analysts’ expectations of $3.15 million. NuScale Power had a negative return on equity of 38.66% and a negative net margin of 342.39%. During the same quarter last year, the business posted ($0.16) EPS. As a group, equities research analysts forecast that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, NuScale Power presently has a consensus rating of “Hold” and a consensus price target of $8.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SMR. International Assets Investment Management LLC purchased a new position in NuScale Power during the second quarter valued at $64,000. TFC Financial Management Inc. purchased a new position in NuScale Power during the second quarter valued at $75,000. Global Retirement Partners LLC purchased a new position in NuScale Power during the fourth quarter valued at $25,000. Fortitude Family Office LLC purchased a new position in NuScale Power during the second quarter valued at $98,000. Finally, Quest Partners LLC bought a new stake in shares of NuScale Power in the 2nd quarter worth $115,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

About NuScale Power

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.