NuScale Power (NYSE:SMR) Stock Price Up 11.4% – Should You Buy?

NuScale Power Co. (NYSE:SMR)’s stock price shot up 11.4% during trading on Friday . The stock traded as high as $16.86 and last traded at $16.95. 2,475,514 shares were traded during mid-day trading, a decline of 79% from the average session volume of 11,560,538 shares. The stock had previously closed at $15.21.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their target price 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 sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.58.

NuScale Power Trading Up 15.3 %

The company’s 50-day moving average is $21.00 and its 200-day moving average is $18.89. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of -18.46 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Buying and Selling

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 720,682 shares of company stock worth $12,840,747 in the last 90 days. Corporate insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SMR. CoreCap Advisors LLC acquired a new position in NuScale Power during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC lifted its position in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp lifted its position in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP acquired a new position in NuScale Power during the 4th quarter valued at about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NuScale Power during the 3rd quarter valued at about $44,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.