Uncovering Institutional Buying In NuScale Power Corporation (NYSE: SMR)

Currently, there are 88.54M common shares owned by the public and among those 77.81M shares have been available to trade.

The company’s stock has a 5-day price change of 25.53% and 188.35% over the past three months. SMR shares are trading 366.26% year to date (YTD), with the 12-month market performance up to 101.05% higher. It has a 12-month low price of $1.81 and touched a high of $14.07 over the same period. SMR has an average intraday trading volume of 5.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 41.04%, 77.60%, and 202.07% respectively.

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Institutional ownership of NuScale Power Corporation (NYSE: SMR) shares accounts for 32.33% of the company’s 88.54M shares outstanding.

It has a market capitalization of $1.36B and a beta (3y monthly) value of 1.27. The earnings-per-share (ttm) stands at -$0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.69% over the week and 11.76% over the month.

Earnings per share for the fiscal year are expected to increase by 32.69%, and 19.66% over the next financial year.

Looking at the support for the SMR, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on March 19, 2024, with the firm’s price target at $7.50-$4.50. Canaccord Genuity coverage for the NuScale Power Corporation (SMR) stock in a research note released on January 29, 2024 offered a Buy rating with a price target of $4.25. B. Riley Securities was of a view on October 13, 2023 that the stock is Buy, while UBS gave the stock Neutral rating on October 25, 2022, issuing a price target of $13. Wells Fargo on their part issued Equal Weight rating on August 25, 2022.

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