A History of Outperforming Analyst Forecasts and Beating the Odds: NuScale Power Corporation (SMR)

NuScale Power Corporation (NYSE: SMR) stock fell -0.88% on Thursday to $7.91 against a previous-day closing price of $7.98. With 1.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.64 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $8.09 whereas the lowest price it dropped to was $7.82. The 52-week range on SMR shows that it touched its highest point at $15.85 and its lowest point at $7.60 during that stretch. It currently has a 1-year price target of $13.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SMR was up-trending over the past week, with a rise of 1.54%, but this was down by -6.83% over a month. Three-month performance dropped to -21.76% while six-month performance fell -27.56%. The stock lost -11.72% in the past year, while it has lost -22.90% so far this year. A look at the trailing 12-month EPS for SMR yields -0.63 with Next year EPS estimates of -0.36. For the next quarter, that number is -0.02. This implies an EPS growth rate of 79.10% for this year and -16.10% for next year.

Float and Shares Shorts:

At present, 69.68 million SMR shares are outstanding with a float of 36.03 million shares on hand for trading. On Apr 27, 2023, short shares totaled 6.48 million, which was 9.25% higher than short shares on Mar 30, 2023. In addition to Mr. John L. Hopkins as the firm’s Pres, CEO & Director, Mr. Chris Colbert serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 50.21% of SMR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.64% of SMR, in contrast to 20.79% held by mutual funds. Shares owned by individuals account for 10.53%. As the largest shareholder in SMR with 5.01% of the stake, Swedbank Robur Fonder AB holds 3,500,000 shares worth 3,500,000. A second-largest stockholder of SMR, The Vanguard Group, Inc., holds 3,461,313 shares, controlling over 4.95% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in SMR, holding 2,405,700 shares or 3.44% stake. With a 3.58% stake in SMR, the Swedbank Robur Allemansfond Kompl is the largest stakeholder. A total of 2,500,000 shares are owned by the mutual fund manager. The Global X Uranium ETF, which owns about 2.58% of SMR stock, is the second-largest Mutual Fund holder. It holds 1,804,042 shares valued at 16.0 million. Vanguard Total Stock Market ETF holds 1.85% of the stake in SMR, owning 1,294,240 shares worth 11.48 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SMR reported revenue of $2.75M and operating income of -$52.67M. Over the past year, revenue came in at $1.61M while operating income stood at -$166.12M. It generated -$10.38M net income for the quarter, which came to -$99.53M over the last twelve months. The EBITDA in the recently reported quarter was -$27.49M and diluted EPS was -$0.06. EBITDA for the full year was -$95.37M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SMR analysts setting a high price target of $18.00 and a low target of $9.00, the average target price over the next 12 months is $13.50. Based on these targets, SMR could surge 127.56% to reach the target high and rise by 13.78% to reach the target low. Reaching the average price target will result in a growth of 70.67% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SMR stock several times over the past three months with 5 Buys and 3 Sells. In these transactions, 1,659 shares were bought while 74,146 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 62 over the past year. The total number of shares bought during that period was 5,582,063 while 2,740,019 shares were sold.

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