3 days Ago By ABMN Staff
Shares of NuScale Power Co. ( NYSE:SMR – Get Free Report ) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports.
One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.63.
SMR has been the topic of several analyst reports. B. Riley raised their price target on shares of NuScale Power from $8.
00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. CLSA started coverage on NuScale Power in a research note on Friday.
They issued an “outperform” rating and a $11.00 price target for the company. Check Out Our Latest Stock Report on SMR Insider Transactions at NuScale Power Institutional Inflows and Outflows A number of hedge funds have recently added to or reduced their stakes in SMR.
International Assets Investment Management LLC acquired a new stake in shares of NuScale Power in the second quarter valued at approximately $64,000. TFC Financial Management Inc. acquired a new stake in shares of NuScale Power during the second quarter worth about $75,000.
Fortitude Family Office LLC purchased a new position in shares of NuScale Power during the second quarter worth about $98,000. Quest Partners LLC acquired a new position in NuScale Power in the 2nd quarter valued at about $115,000. Finally, Mesirow Financial Investment Management Inc.
purchased a new stake in NuScale Power during the 1st quarter valued at approximately $53,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.
NuScale Power Price Performance Shares of NYSE:SMR opened at $9.68 on Friday. NuScale Power has a twelve month low of $1.
81 and a twelve month high of $16.91. The company has a current ratio of 2.
66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.
The company has a market cap of $2.35 billion, a PE ratio of -11.39 and a beta of 1.
22. The company’s 50 day moving average is $9.93 and its 200 day moving average is $8.
01. NuScale Power ( NYSE:SMR – Get Free Report ) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.
31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18).
The business had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.43 million.
NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%.
During the same quarter in the previous year, the company earned ($0.13) EPS. On average, sell-side analysts forecast that NuScale Power will post -0.
55 EPS for the current year. About NuScale Power ( Get Free Report NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.
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