In the last trading session, 8.93 million shares of the NuScale Power Corporation (NYSE:SMR) were traded, and its beta was 1.20. Most recently the company’s share price was $23.01, and it changed around -$1.65 or -6.69% from the last close, which brings the market valuation of the company to $5.48B. SMR currently trades at a discount to its 52-week high of $27.54, offering almost -19.69% off that amount. The share price’s 52-week low was $1.88, which indicates that the current value has risen by an impressive 91.83% since then. We note from NuScale Power Corporation’s average daily trading volume that its 10-day average is 13.0 million shares, with the 3-month average coming to 8.94 million.

NuScale Power Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended SMR as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. NuScale Power Corporation is expected to report earnings per share of -0.13 for the current quarter.

NuScale Power Corporation (NYSE:SMR) trade information

Instantly SMR has showed a red trend with a performance of -6.69% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 27.54 on recent trading dayincreased the stock’s daily price by 16.45%. The company’s shares are currently up 599.39% year-to-date, but still down -6.04% over the last five days. On the other hand, NuScale Power Corporation (NYSE:SMR) is 27.69% up in the 30-day period. We can see from the shorts that 23.48 million shares have been sold at a short interest cover period of 1.81 day(s).

The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to decrease their stock price by -43.81% from its current value. Analyst projections state that SMR is forecast to be at a low of $4.5 and a high of $21.

NuScale Power Corporation (SMR) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 49.81% in revenue this quarter, and will report an increase of 25.68% in the next quarter. The year-over-year growth rate is expected to be -3.71%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 475k in revenue for the current quarter. 2 analysts expect NuScale Power Corporation to make 1.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.56M and 1.38M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -89.58%. Forecasts for the next quarter put sales growth at 6.01%.

SMR Dividends

NuScale Power Corporation’s next quarterly earnings report is expected to be released in December.

NuScale Power Corporation (NYSE:SMR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 10.55% of NuScale Power Corporation shares, and 49.43% of them are in the hands of institutional investors. The stock currently has a share float of 55.27%. NuScale Power Corporation stock is held by 277.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7549% of the shares, which is about 6.97 million shares worth $81.45 million.

BLACKROCK INC., with 6.263% or 4.98 million shares worth $58.27 million as of 2024-06-30, holds the second largest percentage of outstanding shares.