In yesterday’s Wall Street session, NuScale Power Corporation (NYSE:SMR) shares traded at $11.51, up 4.07% from the previous session.
SMR stock price is now 18.25% away from the 50-day moving average and 113.80% away from the 200-day moving average. The market capitalization of the company currently stands at $1.02B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $7.50 to $4.50, Wells Fargo Downgraded its rating from Equal Weight to Underweight for NuScale Power Corporation (NYSE: SMR). On January 29, 2024, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $4.25, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Hopkins John Lawrence, Chief Executive Officer sold 14,345 shares of the company’s stock on May 08 ’24. The stock was sold for $86,644 at an average price of $6.04. Upon completion of the transaction, the Chief Executive Officer now directly owns 34,675 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, General Counsel Temple Robert K sold 23,806 shares of the business’s stock. A total of $144,502 was realized by selling the stock at an average price of $6.07. This leaves the insider owning 19,054 shares of the company worth $0.22 million. A total of 12.11% of the company’s stock is owned by insiders.
During the past 12 months, NuScale Power Corporation has had a low of $1.81 and a high of $16.91. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.84, and a quick ratio of 1.84. The fifty day moving average price for SMR is $9.8466 and a two-hundred day moving average price translates $5.41775 for the stock.
The latest earnings results from NuScale Power Corporation (NYSE: SMR) was released for 2024-03-31. The net profit margin was -342.39% and return on equity was -54.56% for SMR. The company reported revenue of $1.38 million for the quarter, compared to $5.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -74.95 percent.
