NuScale Power (NYSE:SMR) Trading Up 2.6% – Time to Buy?

NuScale Power Co. (NYSE:SMR) traded up 2.6% on Tuesday . The company traded as high as $16.29 and last traded at $15.65. 2,003,385 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 8,171,065 shares. The stock had previously closed at $15.25.

Wall Street Analysts Forecast Growth

SMR has been the topic of a number of recent analyst reports. UBS Group lowered 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. BTIG Research began coverage on shares of NuScale Power in a report on Friday. They set a “buy” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.60.

NuScale Power Trading Down 0.7 %

The stock has a market capitalization of $4.28 billion, a P/E ratio of -15.94 and a beta of 1.64. The stock’s fifty day moving average price is $17.92 and its two-hundred day moving average price is $19.94. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at $470,764.50. The trade was a 51.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,114 shares of company stock worth $1,351,231 over the last three months. Company insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several hedge funds and other institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in NuScale Power during the 4th quarter valued at approximately $33,000. Venturi Wealth Management LLC increased its stake in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after buying an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after acquiring an additional 1,800 shares in the last quarter. Twin Tree Management LP purchased a new stake in NuScale Power in the fourth quarter worth $42,000. Finally, NBC Securities Inc. boosted its holdings in NuScale Power by 165,450.0% in the first quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock valued at $46,000 after acquiring an additional 3,309 shares in the last quarter. 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.