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Friday, September 29, 2023

Investors’ Patience Is Being Tested Right Now By NuScale Power Corporation (NYSE: SMR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for NuScale Power Corporation (SMR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 1.92%, to $6.38. The NuScale Power Corporation has recorded 23,195 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted CORRECTING and REPLACING NuScale Power to Participate in September 2023 Investor Conferences.

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Stocks Info

NuScale Power Corporation is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $6.26 and fluctuated between $6.36 as its day high and $6.03 as its day low. The current market capitalization of NuScale Power Corporation is $1.37B. A total of 1.25 million shares were traded on the day, compared to an average of 1.26M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SMR has seen 9 BUY and 6 SELL insider trades, representing the acquisition of 152,048 and the disposition of 150,282 shares. Over the last 12 months, there were 62 BUYs and 89 SELLs from insiders. Insiders purchased 6,010,028 shares during that period but sold 2,948,466.

In the most recent transaction, Fujino Shinji sold 5,249 shares of SMR for 5.97 per share on Aug 24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Aug 14, BOECKMANN ALAN L bought 7,000 shares at 7.06 per share. SMR shares that Director owns now total 35,627.

Among the insiders who sold shares, Colbert Chris disposed of 29,928 shares on Jun 26 at a per-share price of $7.00. This resulted in the Chief Financial Officer holding 15,048 shares of SMR after the transaction. In another insider transaction, Colbert Chris sold 29,929 shares at $7.41 per share on Jun 23. Company shares held by the Chief Financial Officer now total 15,048.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SMR in the last 3 months, the mean price target is $12.38 with high estimates of $18.00 and low estimates of $8.00. In terms of 52-week highs and lows, SMR has a high of $14.70 and a low of $5.74.

As of this writing, SMR has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.21 in the last quarter, which was -950.00% lower than expectations of -$0.02.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SMR’s latest balance sheet shows that the firm has $77.09M in Cash & Short Term Investments as of fiscal 2021. There were $15.48M in debt and $48.41M in liabilities at the time. Its Book Value Per Share was $1.53, while its Total Shareholder’s Equity was $68.40M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMR is Buy with a score of 3.67.

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