Traders Purchase Large Volume of NuScale Power Call Options (NYSE:SMR)

NuScale Power Co. (NYSE:SMR) saw unusually large options trading activity on Monday. Stock traders purchased 32,824 call options on the company. This is an increase of approximately 26% compared to the average volume of 25,958 call options.

NuScale Power Price Performance

Shares of NYSE:SMR opened at $42.43 on Tuesday. The company has a 50 day moving average of $23.67 and a 200 day moving average of $21.37. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $12.07 billion, a P/E ratio of -44.67 and a beta of 2.00. NuScale Power has a 12 month low of $6.88 and a 12 month high of $45.31.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The firm had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. As a group, sell-side analysts forecast that NuScale Power will post -0.73 EPS for the current fiscal year.

Insider Transactions at NuScale Power

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares in the company, valued at approximately $7,810,211.91. The trade was a 6.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 1,565 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $16.94, for a total transaction of $26,511.10. Following the completion of the transaction, the vice president now directly owns 1,218 shares in the company, valued at $20,632.92. This trade represents a 56.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,278 shares of company stock valued at $2,286,280 in the last 90 days. 1.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in NuScale Power in the 1st quarter worth approximately $27,000. CoreCap Advisors LLC bought a new position in NuScale Power in the fourth quarter valued at $33,000. Venturi Wealth Management LLC raised its position in NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Twin Tree Management LP bought a new stake in NuScale Power during the fourth quarter worth about $42,000. Finally, NBC Securities Inc. increased its position in shares of NuScale Power by 165,450.0% during the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock valued at $46,000 after purchasing an additional 3,309 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SMR has been the topic of a number of analyst reports. The Goldman Sachs Group set a $24.00 target price on shares of NuScale Power and gave the stock a “neutral” rating in a report on Tuesday, May 20th. Canaccord Genuity Group set a $35.00 price objective on shares of NuScale Power and gave the stock a “buy” rating in a research report on Thursday, May 29th. BTIG Research reiterated a “buy” rating on shares of NuScale Power in a research note on Tuesday, May 13th. UBS Group increased their price target on shares of NuScale Power from $17.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Finally, CLSA set a $41.00 price objective on shares of NuScale Power and gave the stock an “outperform” rating in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NuScale Power currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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.