In the last trading session, 27.11 million shares of the NuScale Power Corporation (NYSE:SMR) were traded, and its beta was 1.25. Most recently the company’s share price was $22.00, and it changed around $3.59 or 19.50% from the last close, which brings the market valuation of the company to $2.08B. SMR currently trades at a discount to its 52-week high of $20.35, offering almost 7.5% off that amount. The share price’s 52-week low was $1.81, which indicates that the current value has risen by an impressive 91.77% since then. We note from NuScale Power Corporation’s average daily trading volume that its 10-day average is 20.18 million shares, with the 3-month average coming to 7.18 million.
NuScale Power Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2.12. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended SMR as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
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NuScale Power Corporation (NYSE:SMR) trade information
Instantly SMR has showed a green trend with a performance of 19.50% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.24 on recent trading dayincreased the stock’s daily price by 1.08%. The company’s shares are currently up 568.69% year-to-date, but still up 16.03% over the last five days. On the other hand, NuScale Power Corporation (NYSE:SMR) is 75.30% up in the 30-day period. We can see from the shorts that 19.89 million shares have been sold at a short interest cover period of 2.83 day(s).
The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to decrease their stock price by -37.5% from its current value. Analyst projections state that SMR is forecast to be at a low of $4.5 and a high of $21.
SMR Dividends
NuScale Power Corporation’s next quarterly earnings report is expected to be released in November.
NuScale Power Corporation (NYSE:SMR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.26% of NuScale Power Corporation shares, and 46.69% of them are in the hands of institutional investors. The stock currently has a share float of 52.62%. NuScale Power Corporation stock is held by 236.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7549% of the shares, which is about 6.97 million shares worth $81.45 million.
BLACKROCK INC., with 6.263% or 4.98 million shares worth $58.27 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
