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

Currently, there are 94.72M common shares owned by the public and among those 78.80M shares have been available to trade.

However, the script later moved the day high at 8.27, up 8.98%. The company’s stock has a 5-day price change of 8.70% and -4.95% over the past three months. SMR shares are trading 150.76% year to date (YTD), with the 12-month market performance up to 39.36% higher. It has a 12-month low price of $1.81 and touched a high of $16.91 over the same period. SMR has an average intraday trading volume of 5.46 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 -2.86%, -19.13%, and 31.99% respectively.

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Institutional ownership of NuScale Power Corporation (NYSE: SMR) shares accounts for 41.25% of the company’s 94.72M shares outstanding.

It has a market capitalization of $781.44M and a beta (3y monthly) value of 1.24. The earnings-per-share (ttm) stands at -$1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.51% over the week and 9.34% over the month.

Earnings per share for the fiscal year are expected to increase by 30.66%, and 17.44% 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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