NuScale Power (NYSE:SMR) Trading Down 2.3% – Time to Sell?

NuScale Power Corporation (NYSE:SMR)’s share price dropped 2.3% on Tuesday . The company traded as low as $19.07 and last traded at $19.2620. Approximately 19,207,785 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 38,250,309 shares. The stock had previously closed at $19.72.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group set a $20.00 price target on NuScale Power in a research note on Tuesday, November 25th. Wall Street Zen cut NuScale Power from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. The Goldman Sachs Group reduced their target price on NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Royal Bank Of Canada decreased their target price on NuScale Power from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. Finally, Citigroup reissued a “sell” rating and issued a $37.50 price target (down previously from $46.00) on shares of NuScale Power in a report on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.75.

NuScale Power Stock Down 2.3%

The company has a 50-day moving average of $20.33 and a 200 day moving average of $33.17. The stock has a market capitalization of $5.75 billion, a PE ratio of -6.73 and a beta of 2.12.

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

Insiders Place Their Bets

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the company’s stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. boosted its position in shares of NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after purchasing an additional 203 shares during the period. D.A. Davidson & CO. lifted its stake in NuScale Power by 1.0% during the second quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock worth $824,000 after purchasing an additional 212 shares in the last quarter. Pasadena Private Wealth LLC boosted its position in shares of NuScale Power by 4.9% during the third quarter. Pasadena Private Wealth LLC now owns 6,147 shares of the company’s stock worth $221,000 after buying an additional 287 shares during the period. Family Capital Management Inc. grew its stake in shares of NuScale Power by 3.5% in the third quarter. Family Capital Management Inc. now owns 8,682 shares of the company’s stock valued at $313,000 after buying an additional 291 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of NuScale Power by 3.8% in the third quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock valued at $324,000 after buying an additional 329 shares in the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Company Profile

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.