NuScale Power Target of Unusually High Options Trading (NYSE:SMR)

NuScale Power Co. (NYSE:SMR) saw some unusual options trading activity on Wednesday. Stock traders acquired 39,980 call options on the stock. This represents an increase of approximately 73% compared to the average daily volume of 23,151 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BTIG Research reissued a “buy” rating on shares of NuScale Power in a research report on Tuesday. UBS Group cut their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, NuScale Power currently has a consensus rating of “Moderate Buy” and an average price target of $16.60.

Insider Activity

In other news, VP Jacqueline F. Engel sold 1,565 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $16.94, for a total value of $26,511.10. Following the sale, the vice president now owns 1,218 shares of the company’s stock, valued at $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Lawrence Hopkins sold 22,674 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $16.74, for a total transaction of $379,562.76. Following the completion of the sale, the chief executive officer now directly owns 26,345 shares in the company, valued at approximately $441,015.30. This represents a 46.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,047 shares of company stock worth $2,514,898 over the last quarter. 1.27% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Samsung C&T Corp acquired a new position in shares of NuScale Power in the fourth quarter valued at $46,745,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of NuScale Power in the fourth quarter valued at $22,823,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of NuScale Power in the first quarter valued at $14,271,000. Vanguard Group Inc. increased its holdings in shares of NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after purchasing an additional 635,271 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after purchasing an additional 511,168 shares during the last quarter. 78.37% of the stock is owned by institutional investors.

NuScale Power Stock Performance

NYSE SMR opened at $24.04 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $16.46 and its two-hundred day moving average price is $20.18. NuScale Power has a 1 year low of $5.86 and a 1 year high of $32.30. The firm has a market capitalization of $6.79 billion, a P/E ratio of -25.31 and a beta of 1.62.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The firm had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. As a group, research analysts anticipate that NuScale Power will post -0.73 EPS for the current year.

NuScale Power Company Profile

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.