SMR Stock Summary and Trading Ideas (Nuscale Power Class A | NYSE:SMR)

NuScale Power Corp is engaged in the development of a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications.

Nuscale Power Class A trades on the NYSE stock market under the symbol SMR.

As of December 3, 2024, SMR stock price declined to $25.27 with 5,362,231 million shares trading.

SMR has a beta of 3.11, meaning it tends to be more sensitive to market movements. SMR has a correlation of 0.07 to the broad based SPY ETF.

SMR has a market cap of $2.55 billion. This is considered a Mid Cap stock.

Last quarter Nuscale Power Class A reported $475,000 in Revenue and -$.18 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.09.

The top ETF exchange traded funds that SMR belongs to (by Net Assets): URA, IWM, VTI, NLR, VB.

SMR has outperformed the market in the last year with a return of +731.3%, while the SPY ETF gained +32.9%. In the last 3 month period, SMR beat the market returning +207.0%, while SPY returned +7.3%. However, in the most recent 2 weeks SMR has underperformed the stock market by returning -7.3%, while SPY returned +2.5%.

SMR support price is $24.88 and resistance is $29.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMR shares will trade within this expected range on the day.