Clayton Scott Sells 7,191 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) 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 value of $43,433.64. Following the completion of the sale, the insider now owns 43,549 shares of the company’s stock, valued at approximately $263,035.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NuScale Power Stock Down 5.4 %

SMR traded down $0.33 during trading on Monday, reaching $5.83. The company’s stock had a trading volume of 2,159,623 shares, compared to its average volume of 4,122,247. The firm has a fifty day simple moving average of $5.33 and a two-hundred day simple moving average of $3.75. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -7.29 and a beta of 0.98. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $11.21.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) EPS 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 analysts’ expectations of $1.75 million. NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. As a group, equities analysts forecast that NuScale Power Co. will post -0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in shares of NuScale Power during the fourth quarter worth about $25,000. Essex Private Wealth Management LLC purchased a new stake in shares of NuScale Power during the 4th quarter worth approximately $33,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of NuScale Power in the 1st quarter worth approximately $53,000. Sloy Dahl & Holst LLC purchased a new position in NuScale Power in the 4th quarter valued at approximately $33,000. Finally, Arizona State Retirement System purchased a new stake in NuScale Power during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMR. UBS Group upped their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Canaccord Genuity Group began coverage on shares of NuScale Power in a report on Monday, January 29th. They set a “buy” rating and a $4.25 price objective on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. Finally, Canaccord Genuity Group lifted their price objective on NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.