NuScale Power (NYSE:SMR) Shares Gap Up – Should You Buy?

13 Nov 2024, 14:06 by Renee Jackson · The Cerbat Gem

Shares of NuScale Power Co. (NYSE:SMR – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $23.24, but opened at $24.28. NuScale Power shares last traded at $25.73, with a volume of 3,694,105 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on SMR shares. Craig Hallum boosted their price objective on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. CLSA began coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.39.

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NuScale Power Trading Up 13.4 %

The firm’s 50-day moving average is $14.49 and its two-hundred day moving average is $11.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.66.

Insider Activity

In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of the business’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 transaction of $153,551.16. Following the sale, the chief financial officer now directly owns 57,681 shares of the company’s stock, valued at $460,294.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Robert Ramsey Hamady sold 19,242 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the sale, the chief financial officer now owns 57,681 shares in the company, valued at approximately $460,294.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert K. Temple sold 144,627 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the completion of the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $153,188.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 428,293 shares of company stock worth $5,679,222. 1.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Hedge funds have recently bought and sold shares of the business. US Bancorp DE purchased a new stake in shares of NuScale Power during the third quarter valued at $54,000. CWM LLC boosted its position in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after buying an additional 5,191 shares during the period. International Assets Investment Management LLC bought a new position in NuScale Power in the 2nd quarter worth about $64,000. TFC Financial Management Inc. bought a new position in NuScale Power in the 2nd quarter worth about $75,000. Finally, Fortitude Family Office LLC purchased a new position in shares of NuScale Power during the second quarter worth approximately $98,000. Institutional investors own 15.28% of the company’s stock.

NuScale Power Company Profile

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