Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) fell 0.9% on Friday . The stock traded as low as $15.92 and last traded at $16.40. 1,841,348 shares traded hands during trading, a decline of 78% from the average session volume of 8,263,195 shares. The stock had previously closed at $16.56.
Wall Street Analyst Weigh In
Several research firms have commented on SMR. BTIG Research began coverage on NuScale Power in a research note on Friday, April 11th. They issued a "buy" rating and a $20.00 target price on the stock. UBS Group lowered their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.60.
Read Our Latest Report on NuScale Power
NuScale Power Price Performance
The stock has a market capitalization of $4.72 billion, a P/E ratio of -17.64 and a beta of 1.64. The company's 50-day simple moving average is $16.33 and its 200-day simple moving average is $19.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.
Insider Buying and Selling
In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief technology officer now owns 516,207 shares of the company's stock, valued at approximately $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 90 days, insiders sold 89,114 shares of company stock worth $1,351,231. Company insiders own 1.96% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of SMR. Allspring Global Investments Holdings LLC grew its position in shares of NuScale Power by 58.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 135,736 shares of the company's stock valued at $1,987,000 after purchasing an additional 49,998 shares during the last quarter. KG&L Capital Management LLC bought a new position in NuScale Power during the 1st quarter worth $365,000. Wealth Effects LLC acquired a new stake in shares of NuScale Power during the first quarter worth $683,000. Legacy Advisors LLC bought a new position in NuScale Power during the first quarter worth about $186,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in NuScale Power by 31.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 193,098 shares of the company's stock worth $2,734,000 after purchasing an additional 46,744 shares in the last quarter. Institutional investors and hedge funds 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.
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