NuScale Power Co. (NYSE:SMR - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $27.54 and last traded at $25.01, with a volume of 3658025 shares traded. The stock had previously closed at $24.98.
Several research firms recently issued reports on SMR. Craig Hallum boosted their price objective on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 17th. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an "outperform" rating and a $11.00 price target on the stock. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.39.
View Our Latest Stock Analysis on NuScale Power
The company has a market cap of $6.17 billion, a price-to-earnings ratio of -26.29 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.66 and a current ratio of 2.24. The business has a 50-day simple moving average of $14.83 and a 200-day simple moving average of $11.15.
In other news, CFO Robert Ramsey Hamady sold 19,242 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the sale, the chief financial officer now directly owns 57,681 shares in the company, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 57,681 shares of the company's stock, valued at $460,294.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction on 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 sale, the insider now owns 14,054 shares in the company, valued at $255,782.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 428,293 shares of company stock worth $5,679,222 over the last 90 days. 1.96% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in 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 period. Avantax Advisory Services Inc. purchased a new position in shares of NuScale Power during the first quarter worth about $58,000. Resurgent Financial Advisors LLC increased its position in NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company's stock valued at $79,000 after acquiring an additional 7,400 shares during the period. Price T Rowe Associates Inc. MD raised its stake in 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 acquired a new stake in NuScale Power during the 1st quarter worth approximately $98,000. Hedge funds and other institutional investors own 15.28% of the company's stock.
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.
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