NuScale Power (NYSE:SMR) Hits New 1-Year High - Should You Buy?

NuScale Power Co. (NYSE:SMR - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $24.23 and last traded at $23.66, with a volume of 5242551 shares changing hands. The stock had previously closed at $21.67.

Analysts Set New Price Targets

SMR has been the topic of a number of analyst reports. Craig Hallum boosted their price target 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 began coverage on NuScale Power in a report on Friday, September 13th. They issued an "outperform" rating and a $11.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NuScale Power presently has an average rating of "Moderate Buy" and an average price target of $10.39.

NuScale Power Stock Performance

The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $6.10 billion, a P/E ratio of -24.94 and a beta of 1.12. The business has a fifty day moving average price of $13.55 and a 200-day moving average price of $10.60.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.18). The company had revenue of $0.97 million for the quarter, compared to analysts' expectations of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same period in the previous year, the business earned ($0.13) EPS.

Insiders Place Their Bets

In other news, insider Robert K. Temple sold 115,866 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at $255,782.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Robert K. Temple sold 68,558 shares of NuScale Power stock in a transaction on Friday, October 4th. The stock was sold at an average price of $13.02, for a total transaction of $892,625.16. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at approximately $182,983.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $2,108,761.20. Following the sale, the insider now directly owns 14,054 shares of the company's stock, valued at $255,782.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 478,293 shares of company stock valued at $6,179,222. Company insiders own 1.96% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMR. US Bancorp DE bought a new stake in NuScale Power during the 3rd quarter worth approximately $54,000. Avantax Advisory Services Inc. bought a new stake in NuScale Power during the first quarter valued at about $58,000. CWM LLC lifted its position in shares of NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company's stock valued at $61,000 after acquiring an additional 5,191 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of NuScale Power in the second quarter worth about $64,000. Finally, TFC Financial Management Inc. purchased a new stake in shares of NuScale Power during the second quarter worth about $75,000. 15.28% of the stock is owned by hedge funds and other 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.