Stocks of NuScale Power Corporation (NYSE:SMR) traded higher last session on Wall Street, up 5.55% to $12.55.
SMR stock price is now 33.70% away from the 50-day moving average and 86.92% away from the 200-day moving average. The market capitalization of the company currently stands at $1.19B.
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With the price target of $16, Craig Hallum recently initiated with Buy rating for NuScale Power Corporation (NYSE: SMR). On September 13, 2024, CLSA recently initiated its ‘Outperform’ rating on the stock quoting a target price of $11, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, Temple Robert K, Retired sold 75,000 shares of the company’s stock on Sep 25 ’24. The stock was sold for $900,000 at an average price of $12.00. Upon completion of the transaction, the Retired now directly owns 14,054 shares in the company, valued at $0.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 25 ’24, Officer Temple Robert K bought 75,000 shares of the business’s stock. A total of $900,000 was incurred on buying the stock at an average price of $12.00. A total of 15.70% 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 $9.3808 and a two-hundred day moving average price translates $6.7613 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.
