The stock of NuScale Power Corporation (NYSE:SMR) last traded at $23.08, down -6.60% from the previous session.
SMR stock price is now 2.83% away from the 50-day moving average and 53.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2.76B.
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, Chief Executive Officer sold 664,568 shares of the company’s stock on Jan 02 ’25. The stock was sold for $11,988,807 at an average price of $18.04. Upon completion of the transaction, the Chief Executive Officer now directly owns 34,675 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Officer Hopkins John Lawrence bought 664,568 shares of the business’s stock. A total of $12,341,028 was incurred on buying the stock at an average price of $18.57. A total of 15.45% of the company’s stock is owned by insiders.
During the past 12 months, NuScale Power Corporation has had a low of $2.47 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 $22.4454 and a two-hundred day moving average price translates $14.9911 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. For the current quarter, analysts expect SMR to generate $1.07M in revenue.
