NuScale Power Co. (NYSE:SMR - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $21.97, but opened at $23.86. NuScale Power shares last traded at $22.84, with a volume of 3,634,638 shares traded.
Analyst Upgrades and Downgrades
Separately, Craig Hallum lifted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NuScale Power currently has an average rating of "Moderate Buy" and an average price target of $10.39.
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NuScale Power Stock Up 13.1 %
The stock has a market cap of $7.38 billion, a P/E ratio of -30.43 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The firm's 50-day moving average is $22.80 and its two-hundred day moving average is $16.23.
NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $0.48 million for the quarter, compared to analyst estimates of $6.18 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. During the same period last year, the company earned ($0.26) EPS.
Insider Activity at NuScale Power
In related news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares in the company, valued at $110,229. This trade represents a 82.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares of the company's stock, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On NuScale Power
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Catalina Capital Group LLC boosted its holdings in shares of NuScale Power by 6.8% in the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock valued at $146,000 after buying an additional 809 shares during the period. HighTower Advisors LLC boosted its stake in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock worth $140,000 after purchasing an additional 820 shares during the period. Indie Asset Partners LLC raised its stake in shares of NuScale Power by 7.1% in the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock valued at $218,000 after purchasing an additional 1,250 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of NuScale Power during the fourth quarter worth about $67,000. 78.37% of the stock is owned by institutional investors.
NuScale Power Company Profile
(Get Free Report)
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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