NuScale Power (NYSE:SMR) Trading 11.4% Higher - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price traded up 11.4% on Friday . The company traded as high as $16.86 and last traded at $16.95. 2,475,514 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 11,560,538 shares. The stock had previously closed at $15.21.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.58.

NuScale Power Stock Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4.96 billion, a P/E ratio of -18.43 and a beta of 1.58. The business's 50 day simple moving average is $21.00 and its two-hundred day simple moving average is $18.96.

Insider Buying and Selling at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares of the company's stock, valued at $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of 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 have sold 720,682 shares of company stock worth $12,840,747. Insiders own 1.96% of the company's stock.

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Hedge Funds Weigh In On NuScale Power

A number of institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new stake in NuScale Power in the fourth quarter worth about $33,000. Venturi Wealth Management LLC increased its holdings in NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp raised its stake in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after acquiring an additional 1,800 shares during the period. Twin Tree Management LP purchased a new position in NuScale Power during the fourth quarter valued at approximately $42,000. Finally, Amalgamated Bank boosted its position in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares during the period. 78.37% of the stock is owned by 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.