NuScale Power Corporation [SMR] stock is trading at $15.34, up 17.46%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SMR shares have gain 25.53% over the last week, with a monthly amount glided 71.21%, 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 [SMR] stock has fluctuated between $1.81 and $14.07 over the past year. 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 $15.34 at the most recent close of the market. An investor can expect a potential drop of -20.66% based on the average SMR price forecast.
Analyzing the SMR fundamentals
NuScale Power Corporation [NYSE:SMR] reported sales of 18.68M for the trailing twelve months, which represents a drop of -74.95%. 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 13.63 points at the first support level, and at 11.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.38, and for the 2nd resistance point, it is at 17.41.
Ratios To Look Out For
For context, NuScale Power Corporation’s Current Ratio is 1.84. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 1.61. Considering the valuation of this stock, the price to sales ratio is 72.71, the price to book ratio is 10.64.
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.
