NuScale Power Corporation (NYSE: SMR) Is Getting Increasingly Hard To Ignore

Currently, there are 94.72M common shares owned by the public and among those 79.84M shares have been available to trade.

The company’s stock has a 5-day price change of 6.34% and 5.95% over the past three months. SMR shares are trading 251.98% year to date (YTD), with the 12-month market performance up to 128.85% 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 5.58 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 22.73%, 23.44%, and 71.27% respectively.

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Institutional ownership of NuScale Power Corporation (NYSE: SMR) shares accounts for 40.92% of the company’s 94.72M shares outstanding.

It has a market capitalization of $1.10B and a beta (3y monthly) value of 1.25. 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 13.55% over the week and 10.71% over the month.

Earnings per share for the fiscal year are expected to decrease by -3.61%, and 29.20% over the next financial year.

Looking at the support for the SMR, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on September 26, 2024, with the firm’s price target at $16. CLSA coverage for the NuScale Power Corporation (SMR) stock in a research note released on September 13, 2024 offered a Outperform rating with a price target of $11. Wells Fargo was of a view on March 19, 2024 that the stock is Underweight, while Canaccord Genuity gave the stock Buy rating on January 29, 2024, issuing a price target of $4.25. B. Riley Securities on their part issued Buy rating on October 13, 2023.

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