NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $14.10, but opened at $15.30. NuScale Power shares last traded at $15.07, with a volume of 1,010,756 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. UBS Group lowered their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. BTIG Research began coverage on NuScale Power in a report on Friday. They issued a "buy" rating and a $20.00 target price for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.60.
Check Out Our Latest Stock Report on NuScale Power
NuScale Power Trading Up 1.9 %
The company has a market capitalization of $4.27 billion, a PE ratio of -15.93 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The company's fifty day moving average is $18.11 and its 200-day moving average is $19.87.
Insider Transactions at NuScale Power
In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief technology officer now owns 516,207 shares of the company's stock, valued at $7,810,211.91. The trade was a 6.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 89,114 shares of company stock valued at $1,351,231. Corporate insiders own 1.96% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. purchased a new stake in NuScale Power during the 1st quarter worth approximately $170,000. NBC Securities Inc. lifted its stake in shares of NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after buying an additional 3,309 shares during the period. Kaizen Financial Strategies purchased a new stake in shares of NuScale Power during the first quarter valued at $204,000. Rhumbline Advisers increased its position in shares of NuScale Power by 12.8% in the 1st quarter. Rhumbline Advisers now owns 125,708 shares of the company's stock valued at $1,780,000 after acquiring an additional 14,304 shares during the period. Finally, Parallel Advisors LLC raised its stake in NuScale Power by 6.8% in the 1st quarter. Parallel Advisors LLC now owns 61,490 shares of the company's stock worth $871,000 after acquiring an additional 3,903 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.
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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