The stock of NuScale Power Corporation (SMR) has seen a 1.65% increase in the past week, with a 7.88% gain in the past month, and a 126.15% flourish in the past quarter. The volatility ratio for the week is 7.28%, and the volatility levels for the past 30 days are at 13.81% for SMR. The simple moving average for the past 20 days is -6.32% for SMR’s stock, with a 6.50% simple moving average for the past 200 days.
Is It Worth Investing in NuScale Power Corporation (NYSE: SMR) Right Now?
The 36-month beta value for SMR is at 1.08. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SMR is 57.18M, and currently, shorts hold a 20.44% of that float. The average trading volume for SMR on April 23, 2024 was 4.80M shares.
SMR) stock’s latest price update
The stock of NuScale Power Corporation (NYSE: SMR) has increased by 1.65 when compared to last closing price of 4.85.Despite this, the company has seen a gain of 1.65% in its stock price over the last five trading days. Business Wire reported 2024-04-11 that PORTLAND, Ore.–(BUSINESS WIRE)–NuScale Power announced it will host a conference call to review first quarter 2024 results on Thursday, May 9, 2024, at 5:00 p.m. ET.
Analysts’ Opinion of SMR
Many brokerage firms have already submitted their reports for SMR stocks, with Wells Fargo repeating the rating for SMR by listing it as a “Underweight.” The predicted price for SMR in the upcoming period, according to Wells Fargo is $4.50 based on the research report published on March 19, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see SMR reach a price target of $4.25. The rating they have provided for SMR stocks is “Buy” according to the report published on January 29th, 2024.
B. Riley Securities gave a rating of “Buy” to SMR, setting the target price at $12 in the report published on October 13th of the previous year.
SMR Trading at 5.76% from the 50-Day Moving Average
After a stumble in the market that brought SMR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.02% of loss for the given period.
Volatility was left at 13.81%, however, over the last 30 days, the volatility rate increased by 7.28%, as shares surge +16.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +81.25% upper at present.
During the last 5 trading sessions, SMR rose by +1.65%, which changed the moving average for the period of 200-days by -26.09% in comparison to the 20-day moving average, which settled at $5.30. In addition, NuScale Power Corporation saw 49.85% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SMR starting from Hopkins John Lawrence, who sale 59,768 shares at the price of $4.20 back on Mar 22 ’24. After this action, Hopkins John Lawrence now owns 0 shares of NuScale Power Corporation, valued at $251,026 using the latest closing price.
Hopkins John Lawrence, the Chief Executive Officer of NuScale Power Corporation, sale 13,451 shares at $3.12 during a trade that took place back on Feb 29 ’24, which means that Hopkins John Lawrence is holding 59,768 shares at $41,927 based on the most recent closing price.
Stock Fundamentals for SMR
Current profitability levels for the company are sitting at:
- -12.08 for the present operating margin
- 0.17 for the gross margin
The net margin for NuScale Power Corporation stands at -2.56. The total capital return value is set at -2.01. Equity return is now at value -56.08, with -20.35 for asset returns.
Based on NuScale Power Corporation (SMR), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -62.39. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -31.73.
Currently, EBITDA for the company is -273.01 million with net debt to EBITDA at 0.44. When we switch over and look at the enterprise to sales, we see a ratio of 45.22. The receivables turnover for the company is 2.25for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
In conclusion, NuScale Power Corporation (SMR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
