NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price traded up 11.7% during trading on Friday . The company traded as high as $22.32 and last traded at $22.65. 3,630,352 shares traded hands during trading, a decline of 55% from the average session volume of 8,035,205 shares. The stock had previously closed at $20.28.
Analyst Upgrades and Downgrades
Separately, Craig Hallum lifted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. One 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.39.
Get Our Latest Stock Report on SMR
NuScale Power Price Performance
The business has a 50-day moving average price of $22.82 and a 200 day moving average price of $15.85. The stock has a market cap of $5.62 billion, a PE ratio of -23.17 and a beta of 1.47. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.
Insider Activity at NuScale Power
In related news, VP Jacqueline F. Engel sold 18,186 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company's stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On NuScale Power
A number of institutional investors have recently made changes to their positions in the stock. Canal Insurance CO grew its position in NuScale Power by 35.0% in the third quarter. Canal Insurance CO now owns 216,000 shares of the company's stock worth $2,501,000 after acquiring an additional 56,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after purchasing an additional 460,487 shares in the last quarter. Verition Fund Management LLC increased its position in shares of NuScale Power by 319.9% during the 3rd quarter. Verition Fund Management LLC now owns 113,476 shares of the company's stock valued at $1,314,000 after purchasing an additional 86,454 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of NuScale Power by 581.8% during the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company's stock valued at $1,371,000 after buying an additional 100,995 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in NuScale Power in the 3rd quarter worth approximately $277,000. Institutional investors own 78.37% of the company's stock.
About NuScale Power
(
Get Free Report)
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.
Recommended Stories
Before you consider NuScale Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NuScale Power wasn't on the list.
While NuScale Power currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
