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Is NuScale Power Corporation (SMR) a good stock to buy now?

NuScale Power Corporation (NYSE: SMR) is 73.86% higher on its value in year-to-date trading and has touched a low of $1.81 and a high of $11.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMR stock was last observed hovering at around $5.24 in the last trading session, with the day’s gains setting it 0.48%.

Currently trading at $5.72, the stock is 2.71% and 47.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.43 million and changing 9.16% at the moment leaves the stock 20.11% off its SMA200. SMR registered -35.22% loss for a year compared to 6-month loss of 16.73%. The firm has a 50-day simple moving average (SMA 50) of $14.81 and a 200-day simple moving average (SMA200) of -$1.24.

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The stock witnessed a 65.80% gain in the last 1 month and extending the period to 3 months gives it a 73.86%, and is 40.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 21.36% over the week and 22.60% over the month.

NuScale Power Corporation (SMR) has around 552 employees, a market worth around $456.51M and $22.81M in sales. Profit margin for the company is -255.86%. Distance from 52-week low is 216.02% and -48.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.50%).

NuScale Power Corporation quarterly earnings per share for the current quarter are estimated at -$0.13 with sales reaching $8.26M over the same period.The EPS is expected to grow by 40.68% this year, but quarterly earnings will post 97.70% year-over-year. Quarterly sales are estimated to grow 50.00% in year-over-year returns.

NuScale Power Corporation (SMR) Top Institutional Holders

173 institutions hold shares in NuScale Power Corporation (SMR), with institutional investors hold 73.32% of the company’s shares. The shares outstanding are 76.90M, and float is at 56.29M with Short Float at 26.83%. Institutions hold 55.44% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 5.33 million shares valued at $36.26 million. The investor’s holdings represent 7.16% of the SMR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 3.17 million shares valued at $21.54 million to account for 4.25% of the shares outstanding. The other top investors are FMR, LLC which holds 2.68 million shares representing 3.60% and valued at over $18.24 million, while Mirae Asset Global Investments Co., Ltd. holds 2.80% of the shares totaling 2.09 million with a market value of $14.19 million.

NuScale Power Corporation (SMR) Insider Activity

The most recent transaction is an insider sale by Hopkins John Lawrence,the company’sChief Executive Officer. SEC filings show that Hopkins John Lawrence sold 59,768 shares of the company’s common stock on Mar 22 ’24 at a price of $4.20 per share for a total of $0.25 million. Following the sale, the insider now owns 0.0 shares.

NuScale Power Corporation disclosed in a document filed with the SEC on Feb 29 ’24 that Hopkins John Lawrence (Chief Executive Officer) sold a total of 13,451 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $3.12 per share for $41927.0. Following the transaction, the insider now directly holds 59768.0 shares of the SMR stock.

Still, SEC filings show that on Feb 29 ’24, Reyes Jose N Jr (Chief Technology Officer) disposed off 10,328 shares at an average price of $3.12 for $32192.0. The insider now directly holds 461,402 shares of NuScale Power Corporation (SMR).

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