The stock of NuScale Power Corporation (NYSE:SMR) last traded at $5.61, down -5.56% from the previous session.
SMR stock price is now 31.52% away from the 50-day moving average and 19.07% away from the 200-day moving average. The market capitalization of the company currently stands at $447.73M.
With the price target reduced from $7.50 to $4.50, Wells Fargo Downgraded its rating from Equal Weight to Underweight for NuScale Power Corporation (NYSE: SMR). On January 29, 2024, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $4.25, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Hopkins John Lawrence, Chief Executive Officer sold 59,768 shares of the company’s stock on Mar 22 ’24. The stock was sold for $251,026 at an average price of $4.20. Upon completion of the transaction, the Chief Executive Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, Chief Executive Officer Hopkins John Lawrence sold 13,451 shares of the business’s stock. A total of $41,927 was realized by selling the stock at an average price of $3.12. This leaves the insider owning 59,768 shares of the company worth $0.34 million. A total of 29.48% of the company’s stock is owned by insiders.
During the past 12 months, NuScale Power Corporation has had a low of $1.81 and a high of $11.21. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.77, and a quick ratio of 1.77. The fifty day moving average price for SMR is $4.32 and a two-hundred day moving average price translates $4.70 for the stock.
The latest earnings results from NuScale Power Corporation (NYSE: SMR) was released for Dec, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.25, missing analysts’ expectations of -$0.13 by -0.12. This compares to -$1.21 EPS in the same period last year. The net profit margin was -255.86% and return on equity was -56.08% for SMR. The company reported revenue of $4.56 million for the quarter, compared to $3.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.64 percent. For the current quarter, analysts expect SMR to generate $8.26M in revenue.
NuScale Power Corporation(SMR) 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. The company was founded in 2007 and is headquartered in Portland, Oregon. NuScale Power Corporation operates as a subsidiary of Fluor Enterprises, Inc.
