NuScale Power (NYSE:SMR) Trading 11.7% Higher – Time to Buy?

NuScale Power Co. (NYSE:SMR) 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 changed hands during mid-day 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 increased their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.39.

NuScale Power Trading Up 11.7 %

The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.79 billion, a P/E ratio of -23.79 and a beta of 1.47. The business’s 50 day simple moving average is $22.82 and its two-hundred day simple moving average is $15.85.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 added to or reduced their stakes in SMR. Janney Montgomery Scott LLC acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $202,000. Arkadios Wealth Advisors acquired a new position in NuScale Power in the fourth quarter valued at $439,000. Bouvel Investment Partners LLC bought a new stake in NuScale Power during the fourth quarter valued at $973,000. Wolff Wiese Magana LLC grew its holdings in NuScale Power by 125,230.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 12,533 shares of the company’s stock worth $225,000 after acquiring an additional 12,523 shares during the period. Finally, MRA Advisory Group bought a new position in shares of NuScale Power in the 4th quarter worth about $373,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Company Profile

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.