NuScale Power Corporation (NYSE: SMR) stock jumped 8.23% on Friday to $2.50 against a previous-day closing price of $2.31. With 2.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.05 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $2.5100 whereas the lowest price it dropped to was $2.2600. The 52-week range on SMR shows that it touched its highest point at $11.41 and its lowest point at $1.81 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 0.75.
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 19.62%, but this was down by -43.95% over a month. Three-month performance dropped to -61.72% while six-month performance fell -67.49%. The stock lost -77.46% in the past year, while it has lost -75.63% so far this year. A look at the trailing 12-month EPS for SMR yields -0.75 with Next year EPS estimates of -0.47. For the next quarter, that number is -0.17. This implies an EPS growth rate of -8.96% for this year and 20.86% for next year.
Float and Shares Shorts:
At present, 69.35 million SMR shares are outstanding with a float of 51.53 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.05 million, which was 13.50% higher than short shares on Sep 28, 2023. In addition to Mr. John L. Hopkins as the firm’s President, CEO & Director, Dr. José N. Reyes Ph.D. serves as its CTO & Co-founder.
Through their ownership of 54.08% of SMR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.59% of SMR, in contrast to 28.52% held by mutual funds. Shares owned by individuals account for 16.06%. As the largest shareholder in SMR with 7.26% of the stake, The Vanguard Group, Inc. holds 5,408,284 shares worth 5,408,284. A second-largest stockholder of SMR, Swedbank Robur Fonder AB, holds 3,500,000 shares, controlling over 4.70% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SMR, holding 3,144,182 shares or 4.22% stake. With a 4.18% stake in SMR, the Global X Uranium ETF is the largest stakeholder. A total of 3,109,924 shares are owned by the mutual fund manager. The Swedbank Robur Allemansfond Kompl, which owns about 3.36% of SMR stock, is the second-largest Mutual Fund holder. It holds 2,500,000 shares valued at 8.45 million. Vanguard Total Stock Market ETF holds 2.69% of the stake in SMR, owning 2,004,840 shares worth 6.78 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. Over the past year, revenue came in at $1.61M while operating income stood at -$166.12M. EBITDA for the full year was -$95.37M.
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 $14.50 and a low target of $2.00, the average target price over the next 12 months is $10.00. Based on these targets, SMR could surge 480.0% to reach the target high and fall by -20.0% to reach the target low. Reaching the average price target will result in a growth of 300.0% from current levels.
Summary of Insider Activity:
Insiders traded SMR stock several times over the past three months with 11 Buys and 3 Sells. In these transactions, 49,877 shares were bought while 9,970 shares were sold. The number of buy transactions has increased to 66 while that of sell transactions has risen to 61 over the past year. The total number of shares bought during that period was 1,242,018 while 1,388,128 shares were sold.