NuScale Power (NYSE:SMR) Shares Up 0.8% - Should You Buy?

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) were up 0.8% during mid-day trading on Friday . The stock traded as high as $15.48 and last traded at $14.96. Approximately 2,030,683 shares traded hands during trading, a decline of 75% from the average daily volume of 8,152,221 shares. The stock had previously closed at $14.85.

Analyst Ratings Changes

A number of equities analysts have commented on SMR shares. UBS Group decreased their price objective on shares of 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 shares of NuScale Power in a research note on Friday. They set a "buy" rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $16.60.

NuScale Power Trading Up 0.6 %

The firm's 50-day simple moving average is $17.92 and its 200 day simple moving average is $19.94. The stock has a market cap of $4.30 billion, a P/E ratio of -16.04 and a beta of 1.64. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the transaction, the chief technology officer now directly owns 516,207 shares in the company, valued at $7,810,211.91. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,114 shares of company stock worth $1,351,231. 1.96% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in NuScale Power during the fourth quarter valued at $33,000. Venturi Wealth Management LLC grew its position in NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp lifted its position in NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after buying an additional 1,800 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of NuScale Power during the 4th quarter valued at $42,000. Finally, NBC Securities Inc. increased its stake in shares of NuScale Power by 165,450.0% in the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after acquiring an additional 3,309 shares during the last quarter. 78.37% of the stock is currently 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.