NuScale Power (NYSE:SMR) Stock Price Up 2.8% – What’s Next?

NuScale Power Co. (NYSE:SMR)’s share price rose 2.8% during trading on Tuesday . The stock traded as high as $26.55 and last traded at $24.14. Approximately 7,387,019 shares changed hands during trading, an increase of 22% from the average daily volume of 6,079,378 shares. The stock had previously closed at $23.49.

Analysts Set New Price Targets

SMR has been the topic of several research reports. Craig Hallum raised their target price on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. CLSA initiated coverage on NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NuScale Power has a consensus rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Price Performance

The firm has a 50-day simple moving average of $14.18 and a 200-day simple moving average of $10.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market capitalization of $5.79 billion, a PE ratio of -25.41 and a beta of 1.12.

Insider Transactions at NuScale Power

In other news, insider Robert K. Temple sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total value of $500,000.00. Following the transaction, the insider now owns 19,054 shares of the company’s stock, valued at $190,540. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total transaction of $153,551.16. Following the sale, the chief financial officer now owns 57,681 shares of the company’s stock, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert K. Temple sold 50,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the insider now directly owns 19,054 shares in the company, valued at $190,540. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 478,293 shares of company stock valued at $6,179,222 over the last quarter. 1.96% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Catalina Capital Group LLC increased its stake in NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after acquiring an additional 809 shares during the last quarter. Indie Asset Partners LLC increased its stake in NuScale Power by 7.1% in the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock worth $218,000 after acquiring an additional 1,250 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock worth $106,000 after acquiring an additional 4,014 shares during the last quarter. US Bancorp DE bought a new stake in NuScale Power in the 3rd quarter worth approximately $54,000. Finally, Quest Partners LLC boosted its holdings in shares of NuScale Power by 52.4% in the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company’s stock worth $173,000 after purchasing an additional 5,142 shares during the period. Institutional investors own 15.28% of the company’s stock.

About NuScale Power

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.