NuScale Power (NYSE:SMR) Shares Down 6.9% – Should You Sell?

NuScale Power Corporation (NYSE:SMR) shares were down 6.9% on Tuesday . The company traded as low as $9.86 and last traded at $9.9050. Approximately 31,232,206 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 30,238,541 shares. The stock had previously closed at $10.64.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SMR shares. Royal Bank Of Canada decreased their target price on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. UBS Group decreased their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Northland Securities set a $19.00 price target on shares of NuScale Power in a research report on Monday, May 11th. Barclays reduced their price target on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Finally, Bank of America started coverage on shares of NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.92.

NuScale Power Stock Performance

The stock has a market cap of $3.62 billion, a PE ratio of -3.39 and a beta of 2.20. The company’s 50-day moving average price is $11.43 and its 200 day moving average price is $14.33.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $0.57 million for the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm’s revenue was down 95.8% on a year-over-year basis. As a group, equities research analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

Insider Activity at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 39,936,472 shares of company stock worth $472,831,169. 1.28% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Advocates LLC purchased a new stake in NuScale Power in the third quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power during the 3rd quarter worth about $25,000. Accredited Wealth Management LLC purchased a new position in NuScale Power during the 3rd quarter valued at about $35,000. Triumph Capital Management purchased a new position in NuScale Power during the 3rd quarter valued at about $37,000. Finally, Ameritas Advisory Services LLC grew its position in NuScale Power by 292.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 1,100 shares of the company’s stock valued at $40,000 after acquiring an additional 820 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.