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

by · The Markets Daily

NuScale Power Corporation (NYSE:SMRGet Free Report) was the target of unusually large options trading on Friday. Stock investors purchased 145,933 put options on the company. This is an increase of 36% compared to the typical volume of 107,254 put options.

NuScale Power Stock Performance

Shares of SMR stock traded down $1.44 during trading hours on Friday, hitting $17.48. 25,580,680 shares of the company were exchanged, compared to its average volume of 31,346,660. NuScale Power has a fifty-two week low of $11.08 and a fifty-two week high of $57.42. The company has a 50 day simple moving average of $18.51 and a two-hundred day simple moving average of $31.69.

NuScale Power (NYSE:SMRGet Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The firm had revenue of $8.24 million during the quarter, compared to the consensus estimate of $11.29 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was up 1635.2% on a year-over-year basis. On average, equities analysts forecast that NuScale Power will post -0.73 earnings per share for the current year.

Insider Activity at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the sale, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of NuScale Power

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after purchasing an additional 4,482,254 shares during the last quarter. Clear Street Group Inc. bought a new stake in NuScale Power during the third quarter valued at about $155,616,000. Samsung C&T Corp raised its stake in shares of NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after acquiring an additional 2,578,702 shares in the last quarter. Van ECK Associates Corp increased its position in NuScale Power by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,287,814 shares of the company’s stock valued at $190,362,000 after buying an additional 2,125,250 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SMR shares. Cantor Fitzgerald initiated coverage on shares of NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price target on the stock. UBS Group set a $20.00 price target on NuScale Power in a research report on Tuesday, November 25th. Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. B. Riley reduced their target price on NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Finally, Zacks Research lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.42.

Read Our Latest Analysis on SMR

NuScale Power Company Profile

(Get Free Report)

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.

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