NuScale Power (NYSE:SMR) Stock Price Up 4.6% - Still a Buy?

NuScale Power Co. (NYSE:SMR - Get Free Report) rose 4.6% on Friday . The company traded as high as $19.47 and last traded at $19.24. Approximately 5,789,481 shares traded hands during trading, an increase of 3% from the average daily volume of 5,638,771 shares. The stock had previously closed at $18.39.

Analysts Set New Price Targets

Several research firms recently commented on SMR. B. Riley increased their target price on shares of NuScale Power from $8.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, June 27th. CLSA initiated coverage on NuScale Power in a research note on Friday, September 13th. They issued an "outperform" rating and a $11.00 target price for the company. Finally, Craig Hallum lifted their price target 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NuScale Power currently has an average rating of "Moderate Buy" and an average target price of $10.39.

NuScale Power Stock Up 0.1 %

The company has a 50 day moving average of $11.24 and a 200-day moving average of $9.56. The company has a market capitalization of $4.59 billion, a P/E ratio of -18.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66.

NuScale Power (NYSE:SMR - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The business had revenue of $0.97 million for the quarter, compared to analysts' expectations of $1.43 million. During the same period last year, the firm posted ($0.13) earnings per share.

Insider Transactions at NuScale Power

In related news, insider Robert K. Temple sold 115,866 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total value of $2,108,761.20. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company's stock, valued at $255,782.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Carl M. Fisher sold 12,302 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the sale, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert K. Temple sold 115,866 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 14,054 shares of the company's stock, valued at approximately $255,782.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,595 shares of company stock valued at $6,287,356. Company insiders own 1.96% of the company's stock.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently bought and sold shares of SMR. SG Americas Securities LLC boosted its position in shares of NuScale Power by 268.3% in the 1st quarter. SG Americas Securities LLC now owns 53,772 shares of the company's stock worth $286,000 after purchasing an additional 39,171 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of NuScale Power during the first quarter valued at $58,000. Resurgent Financial Advisors LLC raised its position in shares of NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company's stock worth $79,000 after purchasing an additional 7,400 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock worth $106,000 after purchasing an additional 4,014 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in NuScale Power during the 1st quarter valued at about $98,000. Hedge funds and other institutional investors own 15.28% of the company's stock.

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.