NuScale Power Co. (NYSE:SMR – Get Free Report) insider Clayton Scott sold 7,191 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total transaction of $43,433.64. Following the completion of the transaction, the insider now owns 43,549 shares of the company’s stock, valued at $263,035.96. The sale was disclosed in a legal filing with the SEC, which is available at this link.
NuScale Power Price Performance
NuScale Power stock opened at $5.86 on Thursday. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $11.21. The business has a 50 day moving average of $5.50 and a 200-day moving average of $3.79. The company has a market capitalization of $1.37 billion, a P/E ratio of -7.32 and a beta of 0.98.
NuScale Power (NYSE:SMR – Get Free Report) last announced its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. The company had revenue of $4.56 million for the quarter, compared to the consensus estimate of $1.75 million. Equities analysts anticipate that NuScale Power Co. will post -0.64 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
SMR has been the topic of a number of research analyst reports. UBS Group raised their target price on NuScale Power from $2.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Wells Fargo & Company reissued an “underweight” rating and issued a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a report on Tuesday, March 19th. Canaccord Genuity Group lifted their price target on shares of NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Canaccord Genuity Group started coverage on shares of NuScale Power in a research note on Monday, January 29th. They issued a “buy” rating and a $4.25 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, NuScale Power presently has an average rating of “Hold” and a consensus target price of $7.75.
NuScale Power Company Profile
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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