The Short-term Rise and Fall of NuScale Power Corporation (SMR) Stock

NuScale Power Corporation [SMR] stock is trading at $30.21, up 9.18%. 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 31.29% over the last week, with a monthly amount glided 64.27%, 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 September 26, 2024, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $16. Previously, CLSA started tracking the stock with Outperform rating on September 13, 2024, and set its price target to $11. On March 19, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $4.50 on the stock. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $4.25 on January 29, 2024. B. Riley Securities initiated its recommendation with a Buy and recommended $12 as its price target on October 13, 2023. UBS started tracking with a Neutral rating for this stock on October 25, 2022, and assigned it a price target of $13. In a note dated August 25, 2022, Wells Fargo initiated an Equal Weight rating and provided a target price of $17 on this stock.

NuScale Power Corporation [SMR] stock has fluctuated between $1.88 and $28.74 over the past year. Currently, Wall Street analysts expect the stock to reach $14.38 within the next 12 months. NuScale Power Corporation [NYSE: SMR] shares were valued at $30.21 at the most recent close of the market. An investor can expect a potential drop of -52.4% based on the average SMR price forecast.

Analyzing the SMR fundamentals

NuScale Power Corporation [NYSE:SMR] reported sales of 7.38M for the trailing twelve months, which represents a drop of -93.17%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -26.82%, Pretax Profit Margin comes in at -30.42%, and Net Profit Margin reading is -10.89%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.62 and Total Capital is -1.15.

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 28.36 points at the first support level, and at 26.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.45, and for the 2nd resistance point, it is at 32.69.

Ratios To Look Out For

For context, NuScale Power Corporation’s Current Ratio is 2.24. Further, the Quick Ratio stands at 2.24, while the Cash Ratio is 1.39. Considering the valuation of this stock, the price to sales ratio is 1141.29, the price to book ratio is 18.48.

Transactions by insiders

Recent insider trading involved Temple Robert K, Retired, that happened on Oct 16 ’24 when 0.12 million shares were sold. Retired, Temple Robert K completed a deal on Oct 17 ’24 to sell 12054.0 shares. Meanwhile, Former Officer Temple Robert K bought 12054.0 shares on Oct 17 ’24.

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