A share price of NuScale Power Corporation [SMR] is currently trading at $13.69, up 12.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SMR shares have gain 17.11% over the last week, with a monthly amount glided 75.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NuScale Power Corporation [NYSE: SMR] stock has seen the most recent analyst activity on March 19, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $4.50 from $7.50. Previously, Canaccord Genuity started tracking the stock with Buy rating on January 29, 2024, and set its price target to $4.25. On October 13, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $12 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $13 on October 25, 2022. Wells Fargo initiated its recommendation with a Equal Weight and recommended $17 as its price target on August 25, 2022. Guggenheim started tracking with a Buy rating for this stock on August 18, 2022, and assigned it a price target of $18. In a note dated May 13, 2022, Cowen initiated an Outperform rating and provided a target price of $15 on this stock.
NuScale Power Corporation experienced fluctuations in its stock price throughout the past year between $1.81 and $13.28. Currently, Wall Street analysts expect the stock to reach $12.17 within the next 12 months. NuScale Power Corporation [NYSE: SMR] shares were valued at $13.69 at the most recent close of the market. An investor can expect a potential drop of -11.1% based on the average SMR price forecast.
Analyzing the SMR fundamentals
Trailing Twelve Months sales for NuScale Power Corporation [NYSE:SMR] were 18.68M which represents -74.95% decline. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -14.13%, Pretax Profit Margin comes in at -10.31%, and Net Profit Margin reading is -3.42%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.59 and Total Capital is -1.82. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.73 points at the first support level, and at 11.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.19, and for the 2nd resistance point, it is at 14.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NuScale Power Corporation [NYSE:SMR] is 1.84. As well, the Quick Ratio is 1.84, while the Cash Ratio is 1.61. Considering the valuation of this stock, the price to sales ratio is 64.89, the price to book ratio is 9.50.
Transactions by insiders
Recent insider trading involved Hopkins John Lawrence, Chief Executive Officer, that happened on May 08 ’24 when 14345.0 shares were sold. General Counsel, Temple Robert K completed a deal on May 06 ’24 to sell 23806.0 shares. Meanwhile, Chief Technology Officer Reyes Jose N Jr sold 15776.0 shares on May 03 ’24.
