NuScale Power (NYSE:SMR) Shares Up 5.5% - Should You Buy?

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price traded up 5.5% during mid-day trading on Monday . The company traded as high as $39.94 and last traded at $39.55. 8,091,323 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 9,907,806 shares. The stock had previously closed at $37.48.

Wall Street Analyst Weigh In

A number of analysts have commented on SMR shares. Northland Capmk raised NuScale Power to a "hold" rating in a research report on Monday, July 7th. The Goldman Sachs Group set a $24.00 price target on NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. CLSA set a $41.00 price objective on NuScale Power and gave the company an "outperform" rating in a research note on Tuesday, May 27th. BTIG Research lowered NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Finally, Canaccord Genuity Group set a $35.00 price objective on NuScale Power and gave the company a "buy" rating in a research note on Thursday, May 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $32.00.

NuScale Power Trading Up 12.8%

The stock has a fifty day simple moving average of $32.47 and a two-hundred day simple moving average of $23.56. The company has a market cap of $12.02 billion, a PE ratio of -30.86 and a beta of 2.04.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. The company had revenue of $13.38 million during the quarter, compared to the consensus estimate of $1.46 million. As a group, equities research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 34,675 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $17.00, for a total transaction of $589,475.00. Following the completion of the sale, the chief executive officer owned 49,019 shares of the company's stock, valued at approximately $833,323. The trade was a 41.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 1,565 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $16.94, for a total value of $26,511.10. Following the sale, the vice president directly owned 1,218 shares of the company's stock, valued at approximately $20,632.92. This trade represents a 56.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,278 shares of company stock worth $1,786,990. 1.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently added to or reduced their stakes in SMR. Samsung C&T Corp purchased a new stake in NuScale Power during the fourth quarter valued at about $46,745,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company's stock worth $26,127,000 after buying an additional 1,705,411 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of NuScale Power in the fourth quarter worth about $22,823,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NuScale Power by 20.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company's stock worth $96,880,000 after buying an additional 1,153,158 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of NuScale Power in the first quarter worth about $14,271,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

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.