NuScale Power (NYSE:SMR) Trading 5.2% Higher – Should You Buy?

Shares of NuScale Power Co. (NYSE:SMR) were up 5.2% during mid-day trading on Wednesday . The company traded as high as $23.28 and last traded at $22.05. Approximately 8,244,521 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 11,664,905 shares. The stock had previously closed at $20.95.

Analyst Ratings Changes

Separately, Craig Hallum increased their price target 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.42.

NuScale Power Stock Up 7.2 %

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 firm has a 50 day moving average of $22.57 and a two-hundred day moving average of $16.64.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $0.48 million during the quarter, compared to analysts’ expectations of $6.18 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. During the same period in the previous year, the company posted ($0.26) EPS.

Insider Buying and Selling

In other news, VP Jacqueline F. Engel sold 18,186 shares of the firm’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 sale, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This represents a 95.04 % 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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toth Financial Advisory Corp boosted its holdings in shares of NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after buying an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power in the third quarter worth about $44,000. US Bancorp DE bought a new position in shares of NuScale Power during the third quarter valued at approximately $54,000. CWM LLC raised its position in shares of NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after purchasing an additional 5,191 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of NuScale Power in the 4th quarter worth approximately $67,000. 78.37% of the stock is owned by 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.