NuScale Power Corporation (NYSE: SMR) is 150.76% higher on its value in year-to-date trading and has touched a low of $1.81 and a high of $16.91 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 $7.57 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $8.25, the stock is -2.86% and -19.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.86 million and changing 8.98% at the moment leaves the stock 31.99% off its SMA200. SMR registered 39.36% gain for a year compared to 6-month gain of 50.55%.
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The stock witnessed a -11.00% loss in the last 1 month and extending the period to 3 months gives it a -4.95%, and is 8.70% 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 9.51% over the week and 9.34% over the month.
NuScale Power Corporation (SMR) has around 552 employees, a market worth around $781.44M and $13.86M in sales. Profit margin for the company is -592.28%. Distance from 52-week low is 355.80% and -51.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.20%).
The EPS is expected to grow by 30.66% this year.
NuScale Power Corporation (SMR) Top Institutional Holders
233.0 institutions hold shares in NuScale Power Corporation (SMR), with institutional investors hold 55.86% of the company’s shares. The shares outstanding are 94.72M, and float is at 78.80M with Short Float at 22.64%. Institutions hold 46.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.97 million shares valued at $81.45 million. The investor’s holdings represent 8.7549% of the SMR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.98 million shares valued at $58.27 million to account for 6.263 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 4.56 million shares representing 5.734% and valued at over $53.35 million, while SWEDBANK AB holds 4.3984 of the shares totaling 3.5 million with a market value of $40.92 million.
NuScale Power Corporation (SMR) Insider Activity
The most recent transaction is an insider sale by Hamady Robert Ramsey, the company’s Chief Financial Officer. SEC filings show that Hamady Robert Ramsey sold 19,242 shares of the company’s common stock on Aug 27 ’24 at a price of $7.98 per share for a total of $0.15 million. Following the sale, the insider now owns 57681.0 shares.
Still, SEC filings show that on Aug 13 ’24, Temple Robert K (Retired) disposed off 50,000 shares at an average price of $10.03 for $0.5 million. The insider now directly holds 19,054 shares of NuScale Power Corporation (SMR).
