In the last trading session, 11.08 million NuScale Power Corporation (NYSE:SMR) shares changed hands as the company’s beta touched 1.35. With the company’s per share price at $24.87 changed hands at -$2.35 or -8.63% during last session, the market valuation stood at $6.35B. SMR’s last price was a discount, traded about -29.88% off its 52-week high of $32.30. The share price had its 52-week low at $1.88, which suggests the last value was 92.44% up since then. When we look at NuScale Power Corporation’s average trading volume, we note the 10-day average is 10.75 million shares, with the 3-month average coming to 10.34 million.
Analysts gave the NuScale Power Corporation (SMR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.25. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SMR as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. NuScale Power Corporation’s EPS for the current quarter is expected to be -0.13.
NuScale Power Corporation (NYSE:SMR) trade information
Instantly SMR was in red as seen at the end of in last trading. With action -11.37%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 655.93%, with the 5-day performance at -11.37% in the red. However, in the 30-day time frame, NuScale Power Corporation (NYSE:SMR) is 30.83% up. Looking at the short shares, we see there were 22.25 million shares sold at short interest cover period of 1.42 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16, meaning bulls need a downside of -55.44% from its current market value. According to analyst projections, SMR’s forecast low is 4.5 with 21 as the target high. To hit the forecast high, the stock’s price needs a 15.56% surge from its current level, while the stock would need to tank 81.91% for it to hit the projected low.
NuScale Power Corporation (SMR) estimates and forecasts
Year-over-year growth is forecast to reach -3.71% down 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 475k. 2 analysts are of the opinion that NuScale Power Corporation’s revenue for the current quarter will be 1.46M. The company’s revenue for the corresponding quarters a year ago was 4.56M and 1.38M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -89.58%. The estimates for the next quarter sales put growth at 6.01%.
The 2024 estimates are for NuScale Power Corporation earnings to increase by 9.06%.
SMR Dividends
NuScale Power Corporation is expected to release its next quarterly earnings report in January.
NuScale Power Corporation (NYSE:SMR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.55% of NuScale Power Corporation shares while 50.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.19%. There are 50.27% institutions holding the NuScale Power Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.7549% of the shares, roughly 6.97 million SMR shares worth $81.45 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.263% or 4.98 million shares worth $58.27 million as of 2024-06-30.
