NuScale Power (NYSE:SMR) Stock Price Down 1.1% – Should You Sell?

NuScale Power Corporation (NYSE:SMRGet Free Report) shares fell 1.1% during trading on Tuesday . The company traded as low as $12.00 and last traded at $12.0320. 17,108,584 shares were traded during mid-day trading, a decline of 38% from the average session volume of 27,759,543 shares. The stock had previously closed at $12.16.

Key Stories Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SMR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research note on Monday, December 29th. Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Friday, January 9th. UBS Group set a $20.00 target price on NuScale Power in a report on Tuesday, November 25th. Zacks Research raised NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Finally, Cantor Fitzgerald dropped their price target on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $21.42.

Get Our Latest Report on NuScale Power

NuScale Power Stock Down 1.1%

The stock has a market capitalization of $3.59 billion, a PE ratio of -4.16 and a beta of 2.20. The stock’s 50-day moving average is $16.39 and its 200 day moving average is $26.05.

NuScale Power (NYSE:SMRGet Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.70). NuScale Power had a negative net margin of 1,130.26% and a negative return on equity of 55.23%. The company had revenue of $1.81 million for the quarter, compared to analyst estimates of $8.76 million. As a group, equities research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Activity

In other news, CEO John Lawrence Hopkins sold 82,667 shares of NuScale Power stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total transaction of $1,010,190.74. Following the completion of the sale, the chief executive officer directly owned 117,018 shares in the company, valued at $1,429,959.96. The trade was a 41.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Ramsey Hamady sold 18,570 shares of NuScale Power stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total value of $226,925.40. Following the sale, the chief financial officer owned 97,192 shares of the company’s stock, valued at approximately $1,187,686.24. This represents a 16.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 635,610 shares of company stock valued at $8,198,439. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NuScale Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMR. Strategic Advocates LLC acquired a new stake in NuScale Power in the third quarter valued at approximately $25,000. CX Institutional bought a new position in shares of NuScale Power during the 3rd quarter valued at $25,000. Nemes Rush Group LLC acquired a new stake in shares of NuScale Power in the 3rd quarter valued at $25,000. Indiana Trust & Investment Management Co acquired a new stake in shares of NuScale Power in the 3rd quarter valued at $34,000. Finally, Accredited Wealth Management LLC bought a new stake in NuScale Power in the third quarter worth $35,000. Institutional investors own 78.37% of the company’s stock.

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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