NuScale Power (NYSE:SMR) Stock Price Down 4.5% – Time to Sell?

NuScale Power Co. (NYSE:SMR) shares were down 4.5% on Tuesday . The company traded as low as $20.51 and last traded at $20.75. Approximately 3,760,550 shares traded hands during trading, a decline of 42% from the average daily volume of 6,494,657 shares. The stock had previously closed at $21.72.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. Craig Hallum lifted their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NuScale Power currently has an average rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Price Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $21.77 and a two-hundred day moving average price of $14.20. The firm has a market cap of $5.40 billion, a P/E ratio of -21.42 and a beta of 1.33.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert K. Temple sold 144,627 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the completion of the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $153,188.60. This represents a 91.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 422,237 shares of company stock worth $6,005,215. 1.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power during the 3rd quarter valued at about $44,000. US Bancorp DE purchased a new stake in NuScale Power in the third quarter worth about $54,000. CWM LLC raised its position in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after acquiring an additional 5,191 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in NuScale Power in the second quarter valued at approximately $64,000. Finally, TFC Financial Management Inc. purchased a new stake in shares of NuScale Power during the second quarter worth about $75,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.