As of Thursday close, NuScale Power Corporation’s (NYSE:SMR) stock was down -$0.23, moving down -4.15 percent to $5.31. The average number of shares traded per day over the past five days has been 1,425,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 1,234,020, while in the previous 50 days, it was 1,119,652.
Since last month, SMR stock retreated -14.77%. Shares of the company fell to $5.30 on 09/21/23, the lowest level in the past month. A 52-week high of $13.69 was reached on 01/24/23 after having rallying from a 52-week low of $5.43. Since the beginning of this year, SMR’s stock price has dropped by -48.25% or -$4.95, and marked a new high 8 times. However, the stock has declined by -61.21% since its 52-week high.
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SMR stock investors should be aware that NuScale Power Corporation (SMR) stock had its last reported insider trading activity 29 days ago on Aug 24. Fujino Shinji, the Director of the company, disposed of 5,249 shares for $5.97 on Aug 24. It resulted in a $31,363 divestment by the insider. BOECKMANN ALAN L added 7,000 shares at an average price of $7.06 on Aug 14. The insider now owns 35,627 shares following the transaction. On Jun 26, Chief Financial Officer Colbert Chris sold 29,928 shares at $7.00 apiece. The transaction was valued at $209,538.
Valuation Metrics
The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 69.81, the price-to-book (PB) ratio of 3.47.
Financial Health
In the three months ended June 29, NuScale Power Corporation’s quick ratio stood at 5.20, while its current ratio was 5.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 24.30% percent. Based on annual data, SMR earned $4.49 million in gross profit and brought in $11.8 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -200.50%. Return on equity (ROE) for the past 12 months was -40.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SMR’s revenue rose 45.33% to $5.51 million during the quarter, while net income inched up to $5.03 million. While analysts expected NuScale Power Corporation to report -$0.11 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by -18.20%. During the quarter, the company generated -$55.52 million in EBITDA. The liabilities of NuScale Power Corporation were 85.26 million at the end of its most recent quarter ended June 29, and its total debt was $3.75 million. The value of shareholders’ equity is $229.2 million.
Technical Picture
This quick technical analysis looks at NuScale Power Corporation’s (SMR) price momentum. With a historical volatility rate of 60.65%, the RSI 9-day stood at 28.96% on 21 September.
With respect to its five-day moving average, the current NuScale Power Corporation price is down by -13.80% percent or -$0.85. At present, SMR shares trade -12.95% below its 20-day simple moving average and -40.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately -30.41% below its SMA50 and -52.33% below its SMA200.
Stochastic coefficient K was 9.35% and Stochastic coefficient D was 11.72%, while ATR was 0.32. Given the Stochastic reading of 0.71% for the 14-day period, the RSI (14) reading has been calculated as 32.05%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.41.
Analyst Ratings
UBS launched its rating on NuScale Power Corporation (NYSE: SMR) to a Neutral in a note to investors on October 25, 2022. NuScale Power Corporation (SMR) has been rated Overweight by analysts. According to 0 brokerage firms, SMR is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate NuScale Power Corporation stock as buy, with 2 recommending it as overweight.
With a median target price of $11.75, the current consensus forecast for the stock is $8.00 – $18.00. Based on these forecasts, analysts predict NuScale Power Corporation (SMR) will achieve an average price target of $12.38.
