The closing price of NuScale Power Corporation (NYSE: SMR) was $5.24 for the day, down -1.32% from the previous closing price of $5.31. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 10814616 shares were traded.
Ratios:
Our analysis of SMR’s different ratios will help us gain a deeper understanding of the company. 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 March 19, 2024, 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 22 ’24 when Hopkins John Lawrence sold 59,768 shares for $4.20 per share. The transaction valued at 251,026 led to the insider holds 0 shares of the business.
Hopkins John Lawrence sold 13,451 shares of SMR for $41,927 on Feb 29 ’24. The Chief Executive Officer now owns 59,768 shares after completing the transaction at $3.12 per share. On Feb 29 ’24, another insider, Reyes Jose N Jr, who serves as the Chief Technology Officer of the company, sold 10,328 shares for $3.12 each. As a result, the insider received 32,192 and left with 461,402 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 423.80M and an Enterprise Value of 305.03M. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.33 while its Price-to-Book (P/B) ratio in mrq is 4.31. Its current Enterprise Value per Revenue stands at 13.37 whereas that against EBITDA is -1.12.
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 3.82, while the 200-Day Moving Average is calculated to be 4.78.
Shares Statistics:
SMR traded an average of 4.13M shares per day over the past three months and 11.77M shares per day over the past ten days. A total of 76.90M shares are outstanding, with a floating share count of 56.29M. Insiders hold about 29.47% of the company’s shares, while institutions hold 35.14% stake in the company. Shares short for SMR as of Mar 15, 2024 were 15.1M with a Short Ratio of 3.65, compared to 15.74M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.92% and a Short% of Float of 24.55%.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.13, while EPS last year was -$0.21. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.13 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.41 and -$0.57 for the fiscal current year, implying an average EPS of -$0.5. EPS for the following year is -$0.43, with 3 analysts recommending between -$0.37 and -$0.52.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $8.26M to a low estimate of $8.26M. As of the current estimate, NuScale Power Corporation’s year-ago sales were $5.5M, an estimated increase of 50.00% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for SMR’s current fiscal year. The highest revenue estimate was $85.1M, while the lowest revenue estimate was $17.75M, resulting in an average revenue estimate of $45.09M. In the same quarter a year ago, actual revenue was $22.81M, up 97.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $110.63M in the next fiscal year. The high estimate is $270.5M and the low estimate is $41.42M. The average revenue growth estimate for next year is up 145.40% from the average revenue estimate for this year.
