NuScale Power Corporation (NYSE:SMR) traded at $6.08 at close of the session on Monday, April 29, made an upward move of 0.33% on its previous day’s price.
Looking at the stock we see that its previous close was $6.06. In terms of its 52-week price range, SMR has a high of $11.21 and a low of $1.81. The company’s stock has gained about 14.50% over that past 30 days.
NuScale Power Corporation has a market cap of $485.24 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.13, with the EPS growth for the year raised at -$0.5 for 2024 and -$0.43 for next year. These figures represent 37.50% and 14.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $8.26 million, with a low of $8.26 million and a high of $8.26 million. The median projection represents growth squeezing down to 50.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $45.09 million, or 97.70% up from figures reported last year.
On the other hand, looking at the outlook for the SMR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 10.98% off its SMA20 and 22.95% from its 50-day simple moving average. The RSI (14) is pointing at 59.51 while the volatility over the past week is 9.20% and jumps to 11.82% over the past one month. The beta value is 1.00, while the average true range (ATR) is currently pointing at 0.66.
Coming back to NuScale Power Corporation (NYSE:SMR), we note that the average 3-month trading volume was 4.88 million. Current shares outstanding are 76.90 million.
The insiders hold 28.35% of the company’s shares while institutions hold 35.64%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 84.80% up in year-to-date price movement.
