Brokerages Set NuScale Power Co. (NYSE:SMR) Target Price at $10.39

Shares of NuScale Power Co. (NYSE:SMR) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.39.

SMR has been the topic of several analyst reports. Craig Hallum increased their price target 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 issued an “outperform” rating and a $11.00 target price on the stock.

Insider Activity at NuScale Power

In other news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction that occurred 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 of the company’s stock, valued at approximately $255,782.80. This trade represents a 89.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 409,051 shares of company stock worth $5,525,671 in the last ninety days. 1.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power during the third quarter valued at approximately $44,000. US Bancorp DE acquired a new stake in NuScale Power in the 3rd quarter valued at $54,000. CWM LLC grew its position in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares during the period. International Assets Investment Management LLC acquired a new position in NuScale Power during the second quarter worth $64,000. Finally, TFC Financial Management Inc. bought a new position in shares of NuScale Power during the second quarter valued at $75,000. 15.28% of the stock is owned by institutional investors.

NuScale Power Stock Performance

Shares of NYSE SMR opened at $29.70 on Wednesday. The business’s 50-day simple moving average is $18.85 and its 200-day simple moving average is $12.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power has a 52 week low of $1.88 and a 52 week high of $32.30. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of -31.21 and a beta of 1.12.

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.