NuScale Power (NYSE:SMR) Stock Price Down 7.5% – Should You Sell?

NuScale Power Corporation (NYSE:SMR)’s stock price was down 7.5% during trading on Monday . The company traded as low as $8.27 and last traded at $8.3650. 38,696,400 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 30,408,813 shares. The stock had previously closed at $9.04.

Wall Street Analyst Weigh In

SMR has been the topic of a number of research analyst reports. UBS Group cut their price target on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Truist Financial began coverage on NuScale Power in a report on Monday. They set a “hold” rating and a $10.00 price target on the stock. Citigroup cut their target price on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. B. Riley Financial dropped their price objective on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, HSBC assumed coverage on NuScale Power in a research note on Thursday, April 23rd. They set a “hold” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.46.

NuScale Power Price Performance

The firm has a market cap of $3.15 billion, a P/E ratio of -2.95 and a beta of 2.24. The company has a fifty day moving average of $10.87 and a 200-day moving average of $13.03.

NuScale Power (NYSE:SMR) last posted its 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). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm had revenue of $0.56 million during the quarter, compared to the consensus estimate of $7.00 million. The company’s revenue for the quarter was down 95.8% on a year-over-year basis. On average, sell-side analysts expect that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMR. Strategic Advocates LLC purchased a new stake in shares of NuScale Power during the 3rd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC lifted its stake in NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after purchasing an additional 1,675 shares during the last quarter. Assetmark Inc. grew its holdings in NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after purchasing an additional 2,309 shares during the period. Ameriflex Group Inc. bought a new position in NuScale Power during the fourth quarter valued at $30,000. Finally, Harbour Investments Inc. increased its position in NuScale Power by 32.4% in the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock worth $34,000 after buying an additional 592 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

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.