NuScale Power (NYSE:SMR) Stock Price Up 3.9% - Here's Why

NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price was up 3.9% on Tuesday . The stock traded as high as $20.12 and last traded at $19.53. Approximately 2,005,220 shares were traded during trading, a decline of 77% from the average daily volume of 8,676,049 shares. The stock had previously closed at $18.80.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their price objective on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, NuScale Power presently has an average rating of "Moderate Buy" and an average price target of $10.39.

NuScale Power Trading Up 2.6 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of -20.29 and a beta of 1.47. The firm has a fifty day moving average price of $22.86 and a 200-day moving average price of $15.79.

Insider Buying and Selling at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert K. Temple sold 115,866 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the transaction, the insider now owns 14,054 shares of the company's stock, valued at $255,782.80. This trade represents a 89.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 798,620 shares of company stock worth $14,624,962 over the last three months. Corporate insiders own 1.96% of the company's stock.

Institutional Trading of NuScale Power

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power in the 3rd quarter valued at $44,000. US Bancorp DE bought a new position in shares of NuScale Power during the 3rd quarter worth about $54,000. CWM LLC raised its position in shares of NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after purchasing an additional 5,191 shares during the period. Quest Partners LLC acquired a new stake in NuScale Power in the 2nd quarter valued at $115,000. Finally, Victory Capital Management Inc. bought a new stake in NuScale Power during the 3rd quarter valued at $116,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.