The trading price of NuScale Power Corporation (NYSE:SMR) closed higher on Monday, February 10, and closing at $27.46, 6.27% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $25.0434 and $28.22. In examining the 52-week price action we see that the stock hit a 52-week high of $32.30 and a 52-week low of $2.47. Over the past month, the stock has gained 39.53% in value.
NuScale Power Corporation, whose market valuation is $7.52 billion at the time of this writing, is expected to release its quarterly earnings report in March. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SMR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SMR a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged NuScale Power Corporation (SMR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that SMR’s price is currently 17.38% off the SMA20 and 21.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.28, and weekly volatility stands at 13.11%. When measured over the past 30 days, the indicator reaches 11.87%. NuScale Power Corporation (NYSE:SMR)’s beta value is currently sitting at 1.51, while the Average True Range indicator is currently displaying 2.98. With analysts defining $21-$21 as the low and high price targets, we arrive at a consensus price target of $21 for the trailing 12-month period. The current price is about 23.53% off the estimated low and 23.53% off the forecast high, based on this estimate. Investors will be thrilled if SMR’s share price rises to $21, which is the median consensus price. At that level, SMR’s share price would be 23.53% above current price.
To see how NuScale Power Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: SMR stock’s performance was 6.27% in the latest trading, and 905.86% in the past year.
An evaluation of the daily trading volume of NuScale Power Corporation (NYSE:SMR) indicates that the 3-month average is 11.43 million. However, this figure has increased over the past 10 days to an average of 15.99.
Currently, records show that 119.55 million of the company’s shares remain outstanding. The insiders hold 15.58% of outstanding shares, whereas institutions hold 38.37%. The stats also highlight that short interest as of 2025-01-15, stood at 18.41 million shares, resulting in a short ratio of 2.11 at that time. From this, we can conclude that short interest is 1585.00 of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 17.9 million. However, since the stock’s price has seen 53.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
