NuScale Power (NYSE:SMR) Trading Up 4.1% – What’s Next?

Shares of NuScale Power Co. (NYSE:SMR) were up 4.1% on Friday . The stock traded as high as $20.10 and last traded at $19.78. Approximately 3,479,134 shares were traded during trading, a decline of 47% from the average daily volume of 6,544,353 shares. The stock had previously closed at $19.01.

Analyst Ratings Changes

Several research analysts have weighed in on SMR shares. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective for the company. Craig Hallum raised their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.39.

NuScale Power Price Performance

The company’s fifty day moving average price is $22.36 and its 200 day moving average price is $14.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of -20.81 and a beta of 1.33.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at $255,782.80. The trade was a 89.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 277,610 shares of company stock valued at $4,428,780 in the last ninety days. Company insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power during the 3rd quarter worth about $44,000. US Bancorp DE bought a new stake in shares of NuScale Power during the 3rd quarter worth about $54,000. CWM LLC raised its position in shares of NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of NuScale Power during the 2nd quarter worth about $64,000. Finally, Quest Partners LLC bought a new stake in shares of NuScale Power during the 2nd quarter worth about $115,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.