NuScale Power (NYSE:SMR) Stock Price Down 3.5% – Should You Sell?

Shares of NuScale Power Corporation (NYSE:SMR) fell 3.5% during trading on Tuesday . The stock traded as low as $10.61 and last traded at $10.85. 31,654,200 shares changed hands during trading, an increase of 3% from the average daily volume of 30,764,600 shares. The stock had previously closed at $11.24.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Cantor Fitzgerald cut their price target on NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. UBS Group decreased their price objective on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Citigroup lowered their price objective on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Canaccord Genuity Group dropped their target price on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, HSBC started coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.92.

NuScale Power Trading Down 3.5%

The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -3.72 and a beta of 2.20. The company has a 50 day moving average price of $11.56 and a 200 day moving average price of $14.05.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $0.56 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. Equities analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insiders Place Their Bets

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 39,936,472 shares of company stock worth $472,831,169. Insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in NuScale Power by 67.1% in the first quarter. Pacer Advisors Inc. now owns 164,247 shares of the company’s stock valued at $1,780,000 after buying an additional 65,933 shares during the period. Parallel Advisors LLC grew its holdings in NuScale Power by 1.8% during the 1st quarter. Parallel Advisors LLC now owns 59,898 shares of the company’s stock worth $649,000 after acquiring an additional 1,053 shares during the period. NewEdge Advisors LLC raised its position in shares of NuScale Power by 109.3% during the 1st quarter. NewEdge Advisors LLC now owns 48,430 shares of the company’s stock valued at $525,000 after acquiring an additional 25,293 shares during the last quarter. Concorde Asset Management LLC lifted its stake in shares of NuScale Power by 9.8% in the 1st quarter. Concorde Asset Management LLC now owns 12,390 shares of the company’s stock valued at $134,000 after purchasing an additional 1,110 shares during the period. Finally, Verus Capital Partners LLC acquired a new position in shares of NuScale Power in the 1st quarter valued at $175,000. 78.37% of the stock is owned by institutional investors.

NuScale Power Company Profile

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.