The stock of NuScale Power Corporation (NYSE:SMR) last traded at $20.85, up 17.73% from the previous session.
SMR stock price is now -7.52% away from the 50-day moving average and 67.22% away from the 200-day moving average. The market capitalization of the company currently stands at $6.72B.
With the price target of $16, Craig Hallum recently initiated with Buy rating for NuScale Power Corporation (NYSE: SMR). On September 13, 2024, CLSA recently initiated its ‘Outperform’ rating on the stock quoting a target price of $11, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, Hopkins John Lawrence, Officer bought 664,568 shares of the company’s stock on Jan 02 ’25. The stock was bought for $12,341,028 at an average price of $18.57. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Chief Financial Officer Hamady Robert Ramsey sold 28,840 shares of the business’s stock. A total of $665,627 was realized by selling the stock at an average price of $23.08. This leaves the insider owning 28,841 shares of the company worth $0.6 million. A total of 14.66% of the company’s stock is owned by insiders.
During the past 12 months, NuScale Power Corporation has had a low of $1.88 and a high of $32.30. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.24, and a quick ratio of 2.24. The fifty day moving average price for SMR is $22.5458 and a two-hundred day moving average price translates $12.4686 for the stock.
The latest earnings results from NuScale Power Corporation (NYSE: SMR) was released for 2024-09-30. The net profit margin was -1089.32% and return on equity was -60.46% for SMR. The company reported revenue of $0.47 million for the quarter, compared to $6.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -93.17 percent.
