NuScale Power Corporation [SMR] stock prices are up 1.24% to $8.14 at the moment. 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 1.37% over the last week, with a monthly amount drifted -20.35%, and not 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.
The stock price of NuScale Power Corporation [SMR] has been fluctuating between $1.81 and $16.91 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 $8.14 at the most recent close of the market. An investor can expect a potential return of 49.51% based on the average SMR price forecast.
Analyzing the SMR fundamentals
The NuScale Power Corporation [NYSE:SMR] reported sales of 13.86M for trailing twelve months, representing a drop of -83.31%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at -18.03%, Pretax Profit Margin comes in at -17.13%, and Net Profit Margin reading is -5.92%. To continue investigating profitability, this company’s Return on Assets is posted at -0.36, Equity is -0.71 and Total Capital is -1.47. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.0.
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 7.99 points at the first support level, and at 7.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.40, and for the 2nd resistance point, it is at 8.66.
Ratios To Look Out For
It’s worth pointing out that NuScale Power Corporation [NYSE:SMR]’s Current Ratio is 2.66. As well, the Quick Ratio is 2.66, while the Cash Ratio is 2.31. Considering the valuation of this stock, the price to sales ratio is 55.63, the price to book ratio is 5.52.
Transactions by insiders
Recent insider trading involved Hamady Robert Ramsey, Chief Financial Officer, that happened on Aug 27 ’24 when 19242.0 shares were sold. Officer, Hamady Robert Ramsey completed a deal on Aug 27 ’24 to buy 19242.0 shares. Meanwhile, Retired Temple Robert K sold 50000.0 shares on Aug 13 ’24.
