The stock of NuScale Power Corporation (SMR) has gone up by 1.04% for the week, with a -1.35% drop in the past month and a 105.62% rise in the past quarter. The volatility ratio for the week is 7.61%, and the volatility levels for the past 30 days are 9.00% for SMR. The simple moving average for the past 20 days is 6.94% for SMR’s stock, with a 29.36% simple moving average for the past 200 days.
Is It Worth Investing in NuScale Power Corporation (NYSE: SMR) Right Now?
Additionally, the 36-month beta value for SMR is 0.99. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SMR is 62.22M and currently, short sellers hold a 19.49% ratio of that float. The average trading volume of SMR on May 07, 2024 was 4.95M shares.
SMR) stock’s latest price update
NuScale Power Corporation (NYSE: SMR)’s stock price has soared by 0.52 in relation to previous closing price of 5.83. Nevertheless, the company has seen a gain of 1.04% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that NuScale’s (SMR) Q1 performance is likely to have been cushioned by increasing demand for safe and clean energy along with cost cutting efforts.
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 9.76% 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 -47.72% of loss for the given period.
Volatility was left at 9.00%, however, over the last 30 days, the volatility rate increased by 7.61%, as shares surge +2.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +110.25% upper at present.
During the last 5 trading sessions, SMR fell by -1.04%, which changed the moving average for the period of 200-days by -22.85% in comparison to the 20-day moving average, which settled at $5.49. In addition, NuScale Power Corporation saw 78.12% 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 Temple Robert K, who sale 23,806 shares at the price of $6.07 back on May 06 ’24. After this action, Temple Robert K now owns 19,054 shares of NuScale Power Corporation, valued at $144,502 using the latest closing price.
Reyes Jose N Jr, the Chief Technology Officer of NuScale Power Corporation, sale 15,776 shares at $6.04 during a trade that took place back on May 03 ’24, which means that Reyes Jose N Jr is holding 478,306 shares at $95,287 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 56.71. 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 seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
