NuScale Power Corporation (NYSE:SMR) Has Made The 90.51% Recovery, Could Gain Another 11.33% Ahead

In last trading session, NuScale Power Corporation (NYSE:SMR) saw 39.97 million shares changing hands with its beta currently measuring 1.26. Company’s recent per share price level of $19.07 trading at $5.45 or 40.01% at ring of the bell on the day assigns it a market valuation of $1.81B. That closing price of SMR’s stock is at a premium of 11.33% from its 52-week high price of $16.91 and is indicating a premium of 90.51% from its 52-week low price of $1.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.91 million shares which gives us an average trading volume of 5.49 million if we extend that period to 3-months.

For NuScale Power Corporation (SMR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.12. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.

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NuScale Power Corporation (NYSE:SMR) trade information

Upright in the green during last session for gaining 40.01%, in the last five days SMR remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $19.07 price level, adding 1.75% to its value on the day. NuScale Power Corporation’s shares saw a change of 479.64% in year-to-date performance and have moved 61.20% in past 5-day. NuScale Power Corporation (NYSE:SMR) showed a performance of 109.79% in past 30-days. Number of shares sold short was 21.5 million shares which calculate 3.96 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a fall of -27.13% to its current value. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would jump 76.4% in reaching the projected high whereas dropping to the targeted low would mean a gain of 76.4% for stock’s current value.

NuScale Power Corporation (SMR) estimates and forecasts

This year revenue growth is estimated to fall -49.10% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.14M for the same. And 3 analysts are in estimates of company making revenue of 3.86M in the next quarter.

NuScale Power Corporation (NYSE:SMR)’s Major holders

Insiders are in possession of 11.26% of company’s total shares while institution are holding 46.38 percent of that, with stock having share float percentage of 52.26%. Investors also watch the number of corporate investors in a company very closely, which is 46.38% institutions for NuScale Power Corporation that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SMR for having 6.97 million shares of worth $81.45 million. And as of 2024-06-30, it was holding 8.7549 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 4.98 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.263 of outstanding shares, having a total worth of $58.27 million.