NuScale Power (NYSE:SMR) Trading Down 3.1% – Time to Sell?

NuScale Power Co. (NYSE:SMR) traded down 3.1% during trading on Friday . The company traded as low as $17.36 and last traded at $17.64. 1,342,710 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 8,181,720 shares. The stock had previously closed at $18.20.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th.

NuScale Power Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $5.11 billion, a PE ratio of -19.06 and a beta of 1.58. The company’s 50-day simple moving average is $20.68 and its 200-day simple moving average is $19.23.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 24,618 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction 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 $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 720,682 shares of company stock valued at $12,840,747. Insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Several hedge funds have recently made changes to their positions in SMR. Victory Capital Management Inc. acquired a new stake in shares of NuScale Power in the 3rd quarter worth $116,000. Quest Partners LLC lifted its stake in shares of NuScale Power by 52.4% in the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company’s stock worth $173,000 after acquiring an additional 5,142 shares during the period. Intech Investment Management LLC acquired a new stake in shares of NuScale Power in the 3rd quarter worth $175,000. Charles Schwab Investment Management Inc. lifted its stake in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after acquiring an additional 460,487 shares during the period. Finally, FORA Capital LLC acquired a new stake in shares of NuScale Power in the 3rd quarter worth $471,000. Institutional investors and hedge funds 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.