NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Shinji Fujino sold 20,000 shares of NuScale Power stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total transaction of $177,200.00. Following the sale, the director owned 17,242 shares in the company, valued at approximately $152,764.12. This trade represents a 53.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NuScale Power Trading Down 2.5%
SMR stock opened at $9.06 on Friday. The business's 50 day moving average is $9.36 and its 200-day moving average is $11.24. NuScale Power Corporation has a 1-year low of $7.21 and a 1-year high of $57.42. The firm has a market cap of $3.89 billion, a P/E ratio of -3.10 and a beta of 2.26.
NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). The firm had revenue of $0.07 million during the quarter, compared to analyst estimates of $8.80 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The business's revenue for the quarter was down 99.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) earnings per share. Sell-side analysts forecast that NuScale Power Corporation will post -0.64 EPS for the current year.
Institutional Trading of NuScale Power
A number of large investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC increased its holdings in shares of NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company's stock worth $25,000 after acquiring an additional 1,675 shares in the last quarter. Assetmark Inc. increased its stake in NuScale Power by 1,940.3% during the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company's stock worth $26,000 after purchasing an additional 2,309 shares in the last quarter. Ameriflex Group Inc. bought a new stake in NuScale Power during the 4th quarter worth approximately $30,000. Strategic Advocates LLC raised its holdings in NuScale Power by 233.0% during the 4th quarter. Strategic Advocates LLC now owns 2,321 shares of the company's stock worth $33,000 after buying an additional 1,624 shares during the period. Finally, Harbour Investments Inc. raised its holdings in NuScale Power by 32.4% during the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company's stock worth $34,000 after buying an additional 592 shares during the period. Institutional investors own 78.37% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Truist Financial assumed coverage on shares of NuScale Power in a report on Monday, July 13th. They set a "hold" rating and a $10.00 target price for the company. B. Riley Financial decreased their price objective on NuScale Power from $19.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 14th. The Goldman Sachs Group set a $9.00 price objective on NuScale Power in a report on Friday, May 8th. Citigroup reduced their target price on NuScale Power from $7.50 to $6.50 and set a "sell" rating on the stock in a report on Thursday, August 6th. Finally, HSBC began coverage on NuScale Power in a research note on Thursday, April 23rd. They issued a "hold" rating and a $13.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.50.
Read Our Latest Analysis on SMR
About NuScale Power
(
Get Free Report)
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.
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