NuScale Power ( (SMR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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NuScale Power’s stock has experienced unusual volatility due to a disappointing earnings report that showed a significant drop in quarterly revenue and a notable net loss compared to the previous year. This has been compounded by negative insider sentiment, as several insiders, including the CEO, have recently sold shares. Despite these challenges, the analyst consensus remains a Strong Buy, with an average price target of $27.00, reflecting optimism about the company’s long-term growth potential.
More about NuScale Power
YTD Price Performance: -2.94%
Average Trading Volume: 10,889,344
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.71B
For further insights into SMR stock on TipRanks’ Stock Analysis page.
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