NuScale Power Co. (NYSE:SMR – Get Free Report) insider Clayton Scott sold 7,191 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $6.04, for a total transaction of $43,433.64. Following the transaction, the insider now owns 43,549 shares of the company’s stock, valued at approximately $263,035.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NuScale Power Trading Down 2.9 %
SMR opened at $5.66 on Wednesday. NuScale Power Co. has a 12 month low of $1.81 and a 12 month high of $11.21. The stock has a 50-day moving average of $5.39 and a 200 day moving average of $3.76. The firm has a market cap of $1.33 billion, a P/E ratio of -7.08 and a beta of 0.98.
NuScale Power (NYSE:SMR – Get Free Report) last released its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The company had revenue of $4.56 million for the quarter, compared to the consensus estimate of $1.75 million. NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. On average, research analysts forecast that NuScale Power Co. will post -0.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NuScale Power
Analysts Set New Price Targets
Several analysts have commented on the stock. 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 target on the stock. UBS Group boosted their target price on NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $4.50 price objective (down previously from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. Finally, Canaccord Genuity Group increased their target price on NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.75.
Get Our Latest Report on NuScale Power
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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