NuScale Power Corporation (NYSE:SMR) does about 6.54M shares in volume on a normal day but saw 3207952 shares change hands in the recent trading day. The company now has a market cap of 817.22M USD. Its current market price is $9.23, marking a decrease of -0.43% compared to the previous close of $9.27. The 52 week high reached by this stock is $16.91 whilst the lowest price level in 52 weeks is $1.81. The script in recent trading has seen the stock touch a high of $18 and a low of $4.5.
NuScale Power Corporation (SMR) has a 20-day trading average at $10.40 and the current price is -45.42% off the 52-week high compared with 409.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.42 and its 200-day simple moving average is $5.72. If we look at the stock’s price movements over the week, volatility stands at 14.43%, which decreases to 13.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 44.07 to suggest the stock is neutral.
The consensus objective for the share price is $9.50, suggesting that the stock has a potential upside of 2.84% over the period. The median price target is 34.07% away from the current levels at $14.
2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 19, 2024 when Wells Fargo downgraded the stock to “Underweight” and issued a price target of between $7.50 and $4.50. B. Riley Securities initiated its price target at $12.
NuScale Power Corporation (SMR) stock is up 5.37% over the week and -39.83% over the past month. Its price is 180.55% year-to-date and 30.55% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.12 and -0.56 for whole year. Expected sales for next quarter are $10.23M, which analysts say will come at $41.23M for the current fiscal year and next year at $126.97M. In addition, estimates put the company’s current quarterly revenue at an average of $8.38M.
Its 12-month price target is $14. To reach the target analysts have set, the stock logically needs to grow 2.84 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.5, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $18.
The company has a return on investment of -60.20% and return on equity of -66.61%. The beta has a value of 1.28. Price to book ratio is 6.26 and price to sales ratio is 58.96.
