NuScale Power (NYSE:SMR) Trading Down 5% – Here’s Why

Shares of NuScale Power Co. (NYSE:SMR) were down 5% during mid-day trading on Friday . The company traded as low as $15.29 and last traded at $15.29. Approximately 1,687,848 shares traded hands during trading, a decline of 79% from the average daily volume of 8,116,868 shares. The stock had previously closed at $16.10.

Analyst Ratings Changes

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

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 stock has a market capitalization of $4.22 billion, a P/E ratio of -15.73 and a beta of 1.58. The company has a fifty day simple moving average of $20.37 and a two-hundred day simple moving average of $19.56.

Insider Buying and Selling

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the sale, the chief financial officer now owns 29,985 shares in the company, valued at approximately $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 720,682 shares of company stock valued at $12,840,747 over the last ninety days. Insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently bought and sold shares of the company. CoreCap Advisors LLC bought a new stake in shares of NuScale Power in the 4th quarter valued at $33,000. Venturi Wealth Management LLC increased its holdings in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of NuScale Power in the 4th quarter valued at approximately $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NuScale Power during the 3rd quarter worth approximately $44,000. 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.