NuScale Power (NYSE:SMR) Trading Down 2.1% – Should You Sell?

Shares of NuScale Power Co. (NYSE:SMR) dropped 2.1% during trading on Friday . The company traded as low as $20.05 and last traded at $20.34. Approximately 2,666,024 shares changed hands during trading, a decline of 78% from the average daily volume of 11,969,931 shares. The stock had previously closed at $20.78.

NuScale Power Stock Performance

The stock has a 50 day moving average of $22.00 and a 200 day moving average of $17.94. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of -20.21 and a beta of 1.51.

Insider Buying and Selling

In related news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares of the company’s stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

Hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new stake in NuScale Power in the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC increased its holdings in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after acquiring an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of NuScale Power during the fourth quarter valued at approximately $42,000. Finally, Amalgamated Bank increased its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after acquiring an additional 986 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.