The price of NuScale Power Corporation (NYSE: SMR) closed at $6.58 in the last session, down -34.85% from day before closing price of $10.10. In other words, the price has decreased by -$3.52 from its previous closing price. On the day, 14965119 shares were traded. SMR stock price reached its highest trading level at $8.71 during the session, while it also had its lowest trading level at $6.35.
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Ratios:
We take a closer look at SMR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 1.77. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on Mar-20-24, Downgraded its rating to Underweight and sets its target price to $4.50 from $7.50 previously.
On January 29, 2024, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $4.25.
On October 13, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $12.B. Riley Securities initiated its Buy rating on October 13, 2023, with a $12 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 29 ’24 when Hopkins John Lawrence sold 13,451 shares for $3.12 per share. The transaction valued at 41,927 led to the insider holds 59,768 shares of the business.
Reyes Jose N Jr sold 10,328 shares of SMR for $32,192 on Feb 29 ’24. The Chief Technology Officer now owns 461,402 shares after completing the transaction at $3.12 per share. On Feb 29 ’24, another insider, Temple Robert K, who serves as the General Counsel of the company, sold 9,589 shares for $3.12 each. As a result, the insider received 29,889 and left with 19,053 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMR now has a Market Capitalization of 806.09M and an Enterprise Value of 687.32M. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.15 while its Price-to-Book (P/B) ratio in mrq is 5.41. Its current Enterprise Value per Revenue stands at 30.13 whereas that against EBITDA is -2.52.
Stock Price History:
Over the past 52 weeks, SMR has reached a high of $11.21, while it has fallen to a 52-week low of $1.81. The 50-Day Moving Average of the stock is 3.41, while the 200-Day Moving Average is calculated to be 4.90.
Shares Statistics:
According to the various share statistics, SMR traded on average about 2.91M shares per day over the past 3-months and 8.01M shares per day over the past 10 days. A total of 76.90M shares are outstanding, with a floating share count of 54.09M. Insiders hold about 29.55% of the company’s shares, while institutions hold 36.53% stake in the company. Shares short for SMR as of Feb 29, 2024 were 15.43M with a Short Ratio of 5.30, compared to 16.27M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 20.09% and a Short% of Float of 26.38%.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.12, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.12 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.41 and -$0.48 for the fiscal current year, implying an average EPS of -$0.43. EPS for the following year is -$0.22, with 4 analysts recommending between $0.3 and -$0.46.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $19M. It ranges from a high estimate of $19M to a low estimate of $19M. As of the current estimate, NuScale Power Corporation’s year-ago sales were $5.5M, an estimated increase of 245.10% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for SMR’s current fiscal year. The highest revenue estimate was $78M, while the lowest revenue estimate was $17.75M, resulting in an average revenue estimate of $45.92M. In the same quarter a year ago, actual revenue was $22.81M, up 101.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $147.38M in the next fiscal year. The high estimate is $297.73M and the low estimate is $41.42M. The average revenue growth estimate for next year is up 220.90% from the average revenue estimate for this year.
