The stock of NuScale Power Corporation (SMR) has gone down by -3.98% for the week, with a -5.82% drop in the past month and a 84.21% rise in the past quarter. The volatility ratio for the week is 11.15%, and the volatility levels for the past 30 days are 12.01% for SMR. The simple moving average for the past 20 days is -13.54% for SMR’s stock, with a 98.29% simple moving average for the past 200 days.
Is It Worth Investing in NuScale Power Corporation (NYSE: SMR) Right Now?
Company’s 36-month beta value is 1.28.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SMR is 77.81M, and currently, short sellers hold a 22.31% ratio of that floaft. The average trading volume of SMR on July 29, 2024 was 5.91M shares.
SMR) stock’s latest price update
The stock price of NuScale Power Corporation (NYSE: SMR) has surged by 4.13 when compared to previous closing price of 10.42, but the company has seen a -3.98% decline in its stock price over the last five trading sessions. fool.com reported 2024-07-26 that NuScale Power stock has jumped more than 200% this year alone. NuScale’s nuclear technology is promising, but is it enough to keep the stock going higher?
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 8.31% 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 -35.84% of loss for the given period.
Volatility was left at 12.01%, however, over the last 30 days, the volatility rate increased by 11.15%, as shares sank -9.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.62% upper at present.
During the last 5 trading sessions, SMR fell by -3.98%, which changed the moving average for the period of 200-days by +100.18% in comparison to the 20-day moving average, which settled at $12.49. In addition, NuScale Power Corporation saw 229.79% 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 14,345 shares at the price of $6.04 back on May 08 ’24. After this action, Hopkins John Lawrence now owns 34,675 shares of NuScale Power Corporation, valued at $86,644 using the latest closing price.
Temple Robert K, the General Counsel of NuScale Power Corporation, sale 23,806 shares at $6.07 during a trade that took place back on May 06 ’24, which means that Temple Robert K is holding 19,054 shares at $144,502 based on the most recent closing price.
Stock Fundamentals for SMR
Current profitability levels for the company are sitting at:
- -14.13 for the present operating margin
- 0.13 for the gross margin
The net margin for NuScale Power Corporation stands at -3.42. The total capital return value is set at -1.82. Equity return is now at value -54.56, with -22.76 for asset returns.
Based on NuScale Power Corporation (SMR), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -206.18. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -34.32.
Currently, EBITDA for the company is -296.63 million with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 44.13. The receivables turnover for the company is 3.66for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
In a nutshell, NuScale Power Corporation (SMR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
