NuScale Power (NYSE:SMR) Stock Price Down 1.4% – Time to Sell?

Shares of NuScale Power Corporation (NYSE:SMR) traded down 1.4% during mid-day trading on Monday . The stock traded as low as $9.55 and last traded at $9.6280. 22,514,031 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 30,594,857 shares. The stock had previously closed at $9.76.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Northland Securities set a $19.00 price target on NuScale Power in a research note on Monday, May 11th. Bank of America began coverage on NuScale Power in a research report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price on the stock. UBS Group reduced their price target on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. The Goldman Sachs Group set a $9.00 price objective on shares of NuScale Power in a research note on Friday, May 8th. Finally, B. Riley Financial dropped their price objective on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, NuScale Power has an average rating of “Hold” and an average target price of $15.92.

NuScale Power Stock Down 1.9%

The stock has a market cap of $3.21 billion, a P/E ratio of -3.01 and a beta of 2.24. The firm has a 50 day moving average price of $11.20 and a 200 day moving average price of $13.29.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power’s revenue for the quarter was down 95.8% on a year-over-year basis. Equities analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

Insider Activity at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 39,936,472 shares of company stock worth $472,831,169. 1.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently bought and sold shares of the business. Evanson Financial LLC purchased a new position in shares of NuScale Power in the second quarter valued at about $512,000. CoreCap Advisors LLC lifted its holdings in NuScale Power by 28.3% in the 2nd quarter. CoreCap Advisors LLC now owns 11,053 shares of the company’s stock worth $111,000 after purchasing an additional 2,436 shares in the last quarter. Pacer Advisors Inc. boosted its stake in NuScale Power by 67.1% in the 1st quarter. Pacer Advisors Inc. now owns 164,247 shares of the company’s stock worth $1,780,000 after purchasing an additional 65,933 shares during the period. Parallel Advisors LLC grew its holdings in NuScale Power by 1.8% during the 1st quarter. Parallel Advisors LLC now owns 59,898 shares of the company’s stock valued at $649,000 after buying an additional 1,053 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in NuScale Power by 109.3% during the 1st quarter. NewEdge Advisors LLC now owns 48,430 shares of the company’s stock valued at $525,000 after buying an additional 25,293 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.