NuScale Power Corporation (NYSE:SMR) saw a downside of -4.59% to close Tuesday at $6.23 after subtracting -$0.3 on the day. The 5-day average trading volume is 1,132,680 shares of the company’s common stock. It has gained $7.32 in the past week and touched a new high 1 time within the past 5 days. An average of 1,165,725 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,287,918.
SMR’s 1-month performance is -15.35% or -$1.21 on its low of $6.23 reached on 08/22/23. The company’s shares have touched a 52-week low of $6.41 and high of $15.82, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, SMR has lost -39.28% or -$4.03 and has reached a new high 8 times. However, the current price is down -60.62% from the 52-week high price.
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Insider Transactions
SMR stock investors last saw insider trading activity on Aug 14.Colbert Chris (Chief Financial Officer) most recently sold 29,928 shares at $7.00 per share on Jun 26. This transaction cost the insider $209,538. Chief Financial Officer, Colbert Chris, sold 29,929 shares at a price of $7.41 on Jun 23. Then, on Jun 22, Chief Financial Officer Colbert Chris sold 29,929 shares at a price of $7.85 per share. This transaction amounted to $234,991.
Valuation Metrics
SMR stock has a beta of 0.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 80.25 while the price-to-book (PB) in the most recent quarter is 4.07.
NuScale Power Corporation’s quick ratio for the period ended June 29 was 5.20, with the current ratio over the same period at 5.20.. In terms of profitability, the gross margin trailing 12 months is 24.30%. The trailing 12-month EBITDA margin is -1905.39%. The firm’s gross profit as reported stood at $4.49 million against revenue of $11.8 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 72.79% to -$9.52 million, while revenue of -$10.96 million was -15.13% off the previous quarter. Analysts expected SMR to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.13, representing a -18.20% surprise. EBITDA for the quarter stood at more than -$55.52 million. SMR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 85.26 million, with total debt at $3.75 million. Shareholders hold equity totaling $229.2 million.
Let’s look briefly at NuScale Power Corporation (SMR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 24.45% to suggest the stock is trending oversold, with historical volatility in this time period at 33.54%.
The stock’s 5-day moving average is $6.62, reflecting a -10.87% or -$0.76 change from its current price. SMR is currently trading -16.82% above its 20-day SMA, -26.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -20.94% and SMA200 by-45.30%.
Stochastic %K and %D was 9.97% and 12.06% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 32.11%, while the 14-day stochastic is at 0.00% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at -0.36 and -0.44 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for NuScale Power Corporation (NYSE: SMR), UBS launched coverage with a Neutral rating. Analysts offering their rating for SMR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SMR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is SMR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $18.00, with their median price target at $11.75. Looking at these predictions, the average price target given by analysts is for NuScale Power Corporation (SMR) stock is $12.38.
