NuScale Power Co. (NYSE:SMR) Receives $10.39 Average Price Target from Analysts

NuScale Power Co. (NYSE:SMR) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.39.

A number of equities research analysts have commented on SMR shares. Craig Hallum raised their price objective on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. CLSA initiated coverage on shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target for the company.

Insider Buying and Selling

In other NuScale Power news, insider Robert K. Temple sold 144,627 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $10.90, for a total value of $1,576,434.30. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at $153,188.60. The trade was a 91.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 409,051 shares of company stock worth $5,525,671. Insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NuScale Power during the third quarter valued at about $44,000. US Bancorp DE bought a new position in NuScale Power in the 3rd quarter worth approximately $54,000. CWM LLC lifted its holdings in shares of NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of NuScale Power in the second quarter valued at approximately $64,000. Finally, TFC Financial Management Inc. acquired a new stake in shares of NuScale Power in the second quarter worth $75,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $29.65 on Wednesday. NuScale Power has a 12 month low of $1.88 and a 12 month high of $32.30. 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 stock has a market cap of $7.57 billion, a PE ratio of -31.21 and a beta of 1.12. The business has a fifty day simple moving average of $19.23 and a 200-day simple moving average of $12.92.

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.