The stock of NuScale Power Corporation (NYSE:SMR) increased by $0.13 on Friday to finish at $7.20, up 1.84 percent. The last five days have seen an average of 1,255,180 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$3.06. The average number of shares traded over the last 20 days was 1,049,795, while the average volume over the last 50 days totaled 1,300,258.
SMR stock dropped -8.51% since last month. On 08/09/23, the company’s shares reached a one-month low of $6.76. The stock touched a high of $15.82 on 01/24/23, after rallying from a low of $6.41 in 52 weeks. The price of SMR stock has declined by -29.82% or -$3.06 this year, reaching a new high 8 times. Still, the stock price is down -54.49% from the 52-week high.
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Insider Transactions
SMR stock investors should be aware that NuScale Power Corporation (SMR) stock had its last reported insider trading activity 49 days ago on Jun 26. On Jun 26, Chief Financial Officer Colbert Chris sold 29,928 shares at $7.00 each. This transaction resulted in the insider making $209,538. On Jun 23, Colbert Chris sold 29,929 shares at a price of US$7.41. After the transaction, the insider now owns 15,048 shares. Chief Financial Officer Colbert Chris had earlier sold 29,929 shares on Jun 22 for $7.85 a share. The transaction was completed for $234,991.
Valuation Metrics
Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 108.29, the price-to-book (PB) ratio of 4.71.
Financial Health
For the three months ended June 29, NuScale Power Corporation’s quick ratio was 5.20, while its current ratio was 5.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 35.90% percent. Based on annual data, it had gross profit of $4.49 million and revenue of $11.8 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SMR’s return on assets (ROA) during the last 12 months has been -12.60%. There was a -200.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -40.10%.
Earnings Surprise
According to NuScale Power Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.03 million, while revenues rose by 45.33% to $5.51 million. It was predicted that NuScale Power Corporation’s quarterly earnings would be -$0.13, but it ended up being -$0.11, beating the consensus by -18.20%. EBITDA was -$55.52 million for the quarter. At the end of NuScale Power Corporation’s most recent quarter ended June 29, its liabilities totaled 85.26 million, while its total debt was $3.75 million. Equity owned by shareholders amounts to $229.2 million.
Technical Picture
Here’s a quick look at NuScale Power Corporation’s (SMR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 49.22%, suggesting the stock is Neutral, with a 41.96% historical volatility rate.
The stochastic %K and %D were 26.17% and 20.14% respectively, while the average true range (ATR) was 0.42. Based on the 14-day stochastic reading of 37.29%, the RSI (14) reading is 47.99%. On the 9-day MACD Oscillator, the stock is at -0.09, and the 14-day reading is at -0.14.
Analyst Ratings
In its analyst report released on October 25, 2022, UBS began covering NuScale Power Corporation (NYSE: SMR). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned NuScale Power Corporation (SMR) an Overweight rating. SMR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is SMR’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $18.00, with a median target price of $14.50. In analyzing these forecasts, the average price target given by analysts for NuScale Power Corporation (SMR) is $13.50.
