NuScale Power (NYSE:SMR) Stock Price Up 18.6% – Should You Buy?

NuScale Power Co. (NYSE:SMR) shares rose 18.6% during trading on Friday . The stock traded as high as $25.80 and last traded at $25.69. Approximately 8,862,451 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 5,954,362 shares. The stock had previously closed at $21.67.

Wall Street Analyst Weigh In

SMR has been the subject of several research reports. CLSA initiated coverage on NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price for the company. 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 report 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. Based on data from MarketBeat.com, NuScale Power has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Stock Up 8.4 %

The firm has a 50 day simple moving average of $13.55 and a two-hundred day simple moving average of $10.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market cap of $5.86 billion, a P/E ratio of -24.94 and a beta of 1.12.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The firm had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. During the same period in the prior year, the firm posted ($0.13) EPS.

Insider Buying and Selling

In related news, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the transaction, the chief financial officer now directly owns 57,681 shares in the company, valued at $460,294.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Robert K. Temple sold 5,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.57, for a total transaction of $47,850.00. Following the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $134,496.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the transaction, the chief financial officer now owns 57,681 shares in the company, valued at $460,294.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 478,293 shares of company stock worth $6,179,222 in the last three months. 1.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently made changes to their positions in SMR. SG Americas Securities LLC increased its stake in shares of NuScale Power by 268.3% during 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 during the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of NuScale Power in the first quarter worth about $58,000. Resurgent Financial Advisors LLC boosted its stake in shares of NuScale Power by 100.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after acquiring an additional 7,400 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of NuScale Power by 25.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after acquiring an additional 4,014 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of NuScale Power in the 1st quarter valued at approximately $98,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

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.