In the last trading session, 6.34 million NuScale Power Corporation (NYSE:SMR) shares changed hands as the company’s beta touched 0.98. With the company’s per share price at $4.07 changed hands at -$0.18 or -4.24% during last session, the market valuation stood at $324.83M. SMR’s last price was a discount, traded about -175.43% off its 52-week high of $11.21. The share price had its 52-week low at $1.81, which suggests the last value was 55.53% up since then. When we look at NuScale Power Corporation’s average trading volume, we note the 10-day average is 10.84 million shares, with the 3-month average coming to 3.62 million.
NuScale Power Corporation (NYSE:SMR) trade information
Instantly SMR was in red as seen at the end of in last trading. With action -59.70%, the performance over the past five days has been red. The drop to weekly highs of 8.74 subtracted -4.24% to the stock’s daily price. The company’s shares are showing year-to-date upside of 23.71%, with the 5-day performance at -59.70% in the red. However, in the 30-day time frame, NuScale Power Corporation (NYSE:SMR) is 56.54% up. Looking at the short shares, we see there were 15.43 million shares sold at short interest cover period of 9.13 days.
NuScale Power Corporation (SMR) estimates and forecasts
Data shows that the NuScale Power Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -22.33% over the past 6 months, a 48.75% in annual growth rate that is considerably higher than the industry average of 21.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for NuScale Power Corporation will rise 38.10%. Year-over-year growth is forecast to reach 97.70% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $8.26 million. 1 analysts are of the opinion that NuScale Power Corporation’s revenue for the quarter ending Jun 2024 will be $8.69 million. The company’s revenue for the corresponding quarters a year ago was $5.5 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 50.00%.
The 2024 estimates are for NuScale Power Corporation earnings to increase by 40.68%.
SMR Dividends
NuScale Power Corporation is expected to release its next quarterly earnings report on March 14.
NuScale Power Corporation (NYSE:SMR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.46% of NuScale Power Corporation shares while 55.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.39%. There are 55.44% institutions holding the NuScale Power Corporation stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 7.16% of the shares, roughly 5.33 million SMR shares worth $36.26 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 4.25% or 3.17 million shares worth $21.54 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were Global X Fds-Global X Uranium ETF and Vanguard Total Stock Market Index Fund. With 2.91 million shares estimated at $14.28 million under it, the former controlled 3.91% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.69% of the shares, roughly 2.0 million shares worth around $13.63 million.
