NuScale Power Corporation (NYSE: SMR)’s stock price has gone rise by 6.15 in comparison to its previous close of 18.02, however, the company has experienced a 45.58% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-10-17 that NuScale Power Corporation is a highly speculative investment, with significant cash burn and a need to raise some funds. NuScale holds $130 million in cash with no debt, just under 5% of its market cap as cash. I see NuScale’s advantage in having certified SMR technology, while others are still in development.
Is It Worth Investing in NuScale Power Corporation (NYSE: SMR) Right Now?
Moreover, the 36-month beta value for SMR is 1.28. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for SMR is 79.84M and currently, short sellers hold a 26.93% of that float. On October 18, 2024, SMR’s average trading volume was 6.23M shares.
SMR’s Market Performance
SMR stock saw an increase of 45.58% in the past week, with a monthly gain of 99.05% and a quarterly increase of 72.96%. The volatility ratio for the week is 16.52%, and the volatility levels for the last 30 days are 12.82% for NuScale Power Corporation (SMR). The simple moving average for the last 20 days is 43.38% for SMR’s stock, with a simple moving average of 153.29% for the last 200 days.
Analysts’ Opinion of SMR
Many brokerage firms have already submitted their reports for SMR stocks, with Craig Hallum repeating the rating for SMR by listing it as a “Buy.” The predicted price for SMR in the upcoming period, according to Craig Hallum is $16 based on the research report published on September 26, 2024 of the current year 2024.
CLSA, on the other hand, stated in their research note that they expect to see SMR reach a price target of $11. The rating they have provided for SMR stocks is “Outperform” according to the report published on September 13th, 2024.
Wells Fargo gave a rating of “Underweight” to SMR, setting the target price at $4.50 in the report published on March 19th of the current year.
SMR Trading at 80.63% 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 -3.10% of loss for the given period.
Volatility was left at 12.82%, however, over the last 30 days, the volatility rate increased by 16.52%, as shares surge +84.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +130.15% upper at present.
During the last 5 trading sessions, SMR rose by +50.45%, which changed the moving average for the period of 200-days by +586.44% in comparison to the 20-day moving average, which settled at $13.37. In addition, NuScale Power Corporation saw 481.43% 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 proposed sale 12,054 shares at the price of $19.14 back on Oct 17 ’24. After this action, Temple Robert K now owns shares of NuScale Power Corporation, valued at $230,734 using the latest closing price.
Temple Robert K, the Former Officer of NuScale Power Corporation, proposed sale 115,866 shares at $18.20 during a trade that took place back on Oct 16 ’24, which means that Temple Robert K is holding shares at $2,108,871 based on the most recent closing price.
Stock Fundamentals for SMR
Current profitability levels for the company are sitting at:
- -18.03 for the present operating margin
- 0.18 for the gross margin
The net margin for NuScale Power Corporation stands at -5.92. The total capital return value is set at -1.47. Equity return is now at value -66.61, with -30.47 for asset returns.
Based on NuScale Power Corporation (SMR), the company’s capital structure generated -0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 2184.72. The debt to equity ratio resting at -0.0. The interest coverage ratio of the stock is -51.57.
Currently, EBITDA for the company is -296.63 million with net debt to EBITDA at 0.55. When we switch over and look at the enterprise to sales, we see a ratio of 116.51. The receivables turnover for the company is 1.65for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
To wrap up, the performance of NuScale Power Corporation (SMR) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
