NuScale Power Corporation (NYSE:SMR) has a beta value of 1.28 and has seen 8.58 million shares traded in the last trading session. The company, currently valued at $6.73B, closed the last trade at $26.34 per share which meant it lost -$1.72 on the day or -6.13% during that session. The SMR stock price is -21.37% off its 52-week high price of $31.97 and 92.86% above the 52-week low of $1.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.99 million shares traded. The 3-month trading volume is 9.75 million shares.
The consensus among analysts is that NuScale Power Corporation (SMR) is Buy stock at the moment, with a recommendation rating of 2.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.
NuScale Power Corporation (NYSE:SMR) trade information
Sporting -6.13% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SMR stock price touched $26.34 or saw a rise of 17.61%. Year-to-date, NuScale Power Corporation shares have moved 700.61%, while the 5-day performance has seen it change -2.52%. Over the past 30 days, the shares of NuScale Power Corporation (NYSE:SMR) have changed 19.73%. Short interest in the company has seen 22.25 million shares shorted with days to cover at 1.42.
Wall Street analysts have a consensus price target for the stock at $16, which means that the shares’ value could drop -64.62% from current levels. The projected low price target is $4.5 while the price target rests at a high of $21.0. In that case, then, we find that the current price level is 20.27% off the targeted high while a plunge would see the stock lose 82.92% from current levels.
NuScale Power Corporation (SMR) estimates and forecasts
The company’s shares have gained 196.96% over the past 6 months, compared to 23.70% for the industry. Revenue growth from the last financial year stood is estimated to be -3.71%.
1 analysts offering their estimates for the company have set an average revenue estimate of 475k for the current quarter. 2 have an estimated revenue figure of 1.46M for the next ending quarter. Year-ago sales stood 4.56M and 1.38M respectively for this quarter and the next, and analysts expect sales will shrink by -89.58% for the current quarter and -3.71% for the next.
SMR Dividends
NuScale Power Corporation is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
NuScale Power Corporation (NYSE:SMR)’s Major holders
Insiders own 10.55% of the company shares, while shares held by institutions stand at 50.03% with a share float percentage of 55.93%. Investors are also buoyed by the number of investors in a company, with NuScale Power Corporation having a total of 280.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 6.97 million shares worth more than $81.45 million. As of 2024-06-30, VANGUARD GROUP INC held 8.7549% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 4.98 million shares as of 2024-06-30. The firm’s total holdings are worth over $58.27 million and represent 6.263% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Uranium ETF and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 5.12% shares in the company for having 5.17 shares of worth $136.25 million while later fund manager owns 2.42 shares of worth $63.78 million as of Jun 30, 2024 , which makes it owner of about 2.39% of company’s outstanding stock.
