NuScale Power Corporation (NYSE:SMR) price on Thursday, June 12, fall -2.93% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $40.38.
A look at the stock’s price movement, the close in the last trading session was $41.60. Turning to its 52-week performance, $41.89 and $6.88 were the 52-week high and 52-week low respectively. Overall, SMR moved 86.60% over the past month.
NuScale Power Corporation’s market cap currently stands at around $11.48 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 10.49M for the company’s revenue for the quarter, with a low and high estimate of 6.89M and 13.5M respectively. The average forecast suggests up to a 984.47% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 47.78M, representing a 28.99% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SMR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SMR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SMR’s current price about 29.50% and 81.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.57, while 7-day volatility ratio is 9.98% and 7.34% in the 30-day chart. Further, NuScale Power Corporation (SMR) has a beta value of 2.03, and an average true range (ATR) of 3.24. Analysts have given the company’s stock an average 52-week price target of $35, forecast between a low of $24 and high of $41. Looking at the price targets, the low is 40.56% off current price level while to achieve the yearly target high, price needs to move -1.54%. Nonetheless, investors will most likely welcome a 13.32% jump to $35 which is the analysts’ median price.
If we refocus on NuScale Power Corporation (NYSE:SMR), historical trading data shows that trading volumes averaged 10.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 133.03 million shares.
The 11.12% of NuScale Power Corporation’s shares are in the hands of company insiders while institutional holders own 53.93% of the company’s shares. Current price change has pushed the stock 125.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMR stock continues to rise going into the next quarter.
