NuScale Power (NYSE:SMR) Stock Price Down 6.6% – Time to Sell?

NuScale Power Corporation (NYSE:SMR)’s share price dropped 6.6% during trading on Monday . The company traded as low as $10.18 and last traded at $10.4850. Approximately 31,657,761 shares traded hands during trading, an increase of 9% from the average daily volume of 29,110,998 shares. The stock had previously closed at $11.23.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SMR shares. Cantor Fitzgerald lowered their target price on shares of NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. Northland Securities set a $19.00 price objective on shares of NuScale Power in a research report on Monday, May 11th. Canaccord Genuity Group lowered their price objective on NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Barclays cut their target price on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. Finally, B. Riley Financial reduced their price target on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.08.

NuScale Power Stock Performance

The stock’s fifty day moving average price is $11.54 and its 200-day moving average price is $17.00. The firm has a market cap of $3.83 billion, a PE ratio of -3.59 and a beta of 2.24.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share 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 company had revenue of $0.57 million for the quarter, compared to analyst estimates of $7.00 million. The business’s quarterly revenue was down 95.8% compared to the same quarter last year. Sell-side analysts forecast that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Carl M. Fisher sold 22,197 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $271,247.34. Following the completion of the transaction, the chief operating officer directly owned 140,141 shares of the company’s stock, valued at $1,712,523.02. This trade represents a 13.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert Ramsey Hamady sold 18,570 shares of NuScale Power stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $226,925.40. Following the transaction, the chief financial officer directly owned 97,192 shares of the company’s stock, valued at approximately $1,187,686.24. This represents a 16.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 40,572,082 shares of company stock worth $481,029,608. 1.28% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently made changes to their positions in SMR. Allianz Asset Management GmbH acquired a new stake in shares of NuScale Power in the third quarter valued at approximately $14,347,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of NuScale Power by 686.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,609 shares of the company’s stock worth $6,646,000 after purchasing an additional 161,149 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in NuScale Power by 103.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 609,450 shares of the company’s stock valued at $21,940,000 after buying an additional 309,810 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in NuScale Power in the 3rd quarter valued at approximately $2,350,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NuScale Power by 22.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock valued at $263,195,000 after buying an additional 1,346,796 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.