Robert K. Temple Sells 75,000 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) insider Robert K. Temple sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $12.00, for a total value of $900,000.00. Following the completion of the sale, the insider now directly owns 14,054 shares in the company, valued at $168,648. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NuScale Power Stock Up 5.6 %

NYSE SMR opened at $12.55 on Monday. The stock’s 50-day moving average price is $9.32 and its 200-day moving average price is $8.43. The company has a market capitalization of $3.05 billion, a P/E ratio of -14.76 and a beta of 1.22. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $16.91. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The firm had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same quarter in the previous year, the company earned ($0.13) earnings per share. On average, equities research analysts predict that NuScale Power Co. will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in NuScale Power during the 2nd quarter valued at approximately $64,000. TFC Financial Management Inc. bought a new stake in NuScale Power in the second quarter worth $75,000. Fortitude Family Office LLC bought a new position in NuScale Power during the second quarter valued at $98,000. Quest Partners LLC purchased a new stake in NuScale Power in the 2nd quarter worth about $115,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of NuScale Power in the first quarter worth approximately $53,000. Institutional investors own 15.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SMR shares. B. Riley upped their price target on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. CLSA began coverage on NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, Craig Hallum started coverage on NuScale Power in a research report on Thursday. They set a “buy” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.68.

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.