NuScale Power Sees Unusually High Options Volume (NYSE:SMR)

NuScale Power Co. (NYSE:SMR) was the target of some unusual options trading activity on Wednesday. Traders purchased 19,937 call options on the stock. This represents an increase of 136% compared to the average daily volume of 8,434 call options.

NuScale Power Price Performance

SMR opened at $19.06 on Thursday. NuScale Power has a 12-month low of $1.81 and a 12-month high of $19.41. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $4.63 billion, a P/E ratio of -22.42 and a beta of 1.25. The stock has a fifty day moving average of $10.19 and a 200-day moving average of $9.07.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The business had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $1.43 million. During the same period in the prior year, the company posted ($0.13) earnings per share.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SMR shares. B. Riley lifted their price target on shares of NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. CLSA began coverage on NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price on the stock. Finally, Craig Hallum began coverage on NuScale Power in a report on Thursday, September 26th. They set a “buy” rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.68.

Insider Activity

In related news, insider Robert K. Temple sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the sale, the insider now owns 19,054 shares of the company’s stock, valued at $190,540. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert K. Temple sold 50,000 shares of NuScale Power stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the transaction, the insider now directly owns 19,054 shares of the company’s stock, valued at $190,540. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the sale, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at $266,539.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 374,729 shares of company stock worth $4,178,595 over the last three months. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Institutional investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. acquired a new position in NuScale Power in the 1st quarter valued at approximately $58,000. CWM LLC increased its stake in shares of NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after acquiring an additional 5,191 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of NuScale Power in the second quarter worth $64,000. TFC Financial Management Inc. acquired a new stake in NuScale Power during the second quarter valued at $75,000. Finally, Resurgent Financial Advisors LLC grew its stake in NuScale Power by 100.0% in the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after purchasing an additional 7,400 shares in the last quarter. 15.28% of the stock is currently owned by institutional investors and hedge funds.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.