NuScale Power (NYSE:SMR) Stock Price Down 8.2% – Should You Sell?

Shares of NuScale Power Corporation (NYSE:SMR) traded down 8.2% during mid-day trading on Wednesday . The stock traded as low as $15.69 and last traded at $15.71. 21,717,506 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 15,170,226 shares. The stock had previously closed at $17.12.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SMR shares. UBS Group set a $20.00 price objective on NuScale Power in a report on Tuesday, November 25th. BNP Paribas downgraded NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group decreased their price target on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. BNP Paribas Exane lowered NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada decreased their price objective on NuScale Power from $35.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $36.04.

NuScale Power Stock Up 1.6%

The company has a market cap of $4.79 billion, a P/E ratio of -5.61 and a beta of 2.09. The business’s 50 day moving average is $28.52 and its 200 day moving average is $35.51.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.74). The firm had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. NuScale Power’s revenue was up 1635.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.18) earnings per share. As a group, equities research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 87,900 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert Ramsey Hamady sold 40,000 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the transaction, the chief financial officer owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 10,125,344 shares of company stock valued at $405,372,326. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Strategic Advocates LLC purchased a new position in shares of NuScale Power during the third quarter worth $25,000. CX Institutional purchased a new stake in shares of NuScale Power in the third quarter valued at about $25,000. Nemes Rush Group LLC purchased a new position in NuScale Power in the 3rd quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after buying an additional 359 shares in the last quarter. Finally, Indiana Trust & Investment Management Co purchased a new stake in NuScale Power during the third quarter worth about $34,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.