NuScale Power Corporation (NYSE:SMR) shares traded 12.17% higher at $9.68 on Wall Street last session.
SMR stock price is now -3.62% away from the 50-day moving average and 52.70% away from the 200-day moving average. The market capitalization of the company currently stands at $916.89M.
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 of $11, CLSA recently initiated with Outperform rating for NuScale Power Corporation (NYSE: SMR). On March 19, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $7.50 to quote $4.50, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, Temple Robert K, Former Officer bought 5,000 shares of the company’s stock on Sep 13 ’24. The stock was bought for $47,875 at an average price of $9.57. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Chief Financial Officer Hamady Robert Ramsey sold 19,242 shares of the business’s stock. A total of $153,609 was realized by selling the stock at an average price of $7.98. This leaves the insider owning 57,681 shares of the company worth $0.56 million. A total of 15.71% 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 2.66, and a quick ratio of 2.66. The fifty day moving average price for SMR is $10.005 and a two-hundred day moving average price translates $6.3737 for the stock.
The latest earnings results from NuScale Power Corporation (NYSE: SMR) was released for 2024-06-30. The net profit margin was -592.28% and return on equity was -66.61% for SMR. The company reported revenue of $0.97 million for the quarter, compared to $5.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -83.31 percent.
