NuScale Power (NYSE:SMR) Stock Price Up 11.9% – What’s Next?

NuScale Power Co. (NYSE:SMR)’s stock price traded up 11.9% on Tuesday . The stock traded as high as $24.98 and last traded at $24.59. 6,602,411 shares were traded during trading, a decline of 23% from the average session volume of 8,551,002 shares. The stock had previously closed at $21.97.

Analyst Ratings Changes

Separately, Craig Hallum upped their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Trading Up 15.0 %

The stock’s 50 day moving average is $22.74 and its 200-day moving average is $16.07. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market cap of $6.45 billion, a P/E ratio of -26.69 and a beta of 1.47.

Insiders Place Their Bets

In related news, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was 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. This represents a 82.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares of the company’s stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently modified their holdings of SMR. Toth Financial Advisory Corp boosted its stake in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after acquiring an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power during the third quarter worth about $44,000. US Bancorp DE acquired a new stake in NuScale Power in the third quarter valued at approximately $54,000. CWM LLC lifted 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 during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of NuScale Power during the third quarter worth about $116,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

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.