NuScale Power (NYSE:SMR) Shares Gap Up – What’s Next?

NuScale Power Co. (NYSE:SMR)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $42.49, but opened at $44.00. NuScale Power shares last traded at $43.09, with a volume of 2,195,855 shares.

Wall Street Analyst Weigh In

SMR has been the subject of a number of analyst reports. BTIG Research reiterated a “buy” rating on shares of NuScale Power in a research note on Tuesday, May 13th. The Goldman Sachs Group set a $24.00 price objective on NuScale Power and gave the company a “neutral” rating in a research report on Tuesday, May 20th. CLSA set a $41.00 price objective on NuScale Power and gave the company an “outperform” rating in a report on Tuesday, May 27th. Canaccord Genuity Group set a $35.00 target price on NuScale Power and gave the stock a “buy” rating in a research note on Thursday, May 29th. Finally, UBS Group increased their price target on NuScale Power from $17.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

NuScale Power Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market capitalization of $11.51 billion, a P/E ratio of -42.72 and a beta of 2.00. The firm has a fifty day moving average price of $23.67 and a two-hundred day moving average price of $21.37.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The company had revenue of $13.38 million for the quarter, compared to analysts’ expectations of $1.46 million. As a group, analysts expect that NuScale Power Co. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.94, for a total transaction of $26,511.10. Following the sale, the vice president now owns 1,218 shares in the company, valued at approximately $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the transaction, the chief technology officer now owns 516,207 shares in the company, valued at approximately $7,810,211.91. This trade represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,278 shares of company stock valued at $2,286,280 over the last ninety days. Corporate insiders own 1.27% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in NuScale Power during the first quarter valued at about $27,000. CoreCap Advisors LLC acquired a new stake in shares of NuScale Power in the 4th quarter valued at $33,000. Venturi Wealth Management LLC grew its holdings in NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Twin Tree Management LP acquired a new position in shares of NuScale Power during the fourth quarter worth about $42,000. Finally, NBC Securities Inc. boosted its holdings in shares of NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock valued at $46,000 after buying an additional 3,309 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

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.