NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.54 and last traded at $25.01, with a volume of 3658025 shares trading hands. The stock had previously closed at $24.98.
Analyst Ratings Changes
A number of research firms recently issued reports on SMR. Craig Hallum lifted 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. CLSA started coverage on shares of NuScale Power in a research note on Friday, September 13th. They set 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 given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.39.
Read Our Latest Report on NuScale Power
NuScale Power Stock Performance
The stock has a market capitalization of $6.15 billion, a PE ratio of -26.13 and a beta of 1.12. The firm's fifty day moving average is $14.83 and its 200-day moving average is $11.15. The company has a current ratio of 2.24, a quick ratio of 2.66 and a debt-to-equity ratio of 0.26.
Insider Activity at NuScale Power
In other NuScale Power news, insider Robert K. Temple sold 5,000 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $9.57, for a total transaction of $47,850.00. Following the sale, the insider now directly owns 14,054 shares in the company, valued at $134,496.78. This represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the business's stock in a transaction dated 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 in the company, valued at $460,294.38. This trade represents a 25.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 428,293 shares of company stock worth $5,679,222. Company insiders own 1.96% of the company's stock.
Institutional Trading of NuScale Power
Hedge funds have recently added to or reduced their stakes in the company. Canal Insurance CO raised its holdings in NuScale Power by 35.0% in the third quarter. Canal Insurance CO now owns 216,000 shares of the company's stock valued at $2,501,000 after acquiring an additional 56,000 shares in the last quarter. Van ECK Associates Corp raised its holdings in NuScale Power by 90.0% in the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock valued at $14,307,000 after acquiring an additional 585,292 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in NuScale Power in the first quarter valued at approximately $58,000. SG Americas Securities LLC raised its holdings in NuScale Power by 268.3% in the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company's stock valued at $286,000 after acquiring an additional 39,171 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in NuScale Power by 1,984.4% in the third quarter. International Assets Investment Management LLC now owns 114,642 shares of the company's stock valued at $1,328,000 after acquiring an additional 109,142 shares in the last quarter. Institutional investors and hedge funds own 15.28% of the company's stock.
About NuScale Power
(
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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.
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