NuScale Power (NYSE:SMR) Stock Price Down 5.6% – Time to Sell?

NuScale Power Co. (NYSE:SMR)’s share price dropped 5.6% during trading on Monday . The company traded as low as $13.78 and last traded at $14.13. Approximately 2,304,272 shares were traded during trading, a decline of 72% from the average daily volume of 8,130,065 shares. The stock had previously closed at $14.97.

Analyst Ratings Changes

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

NuScale Power Stock Performance

The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of -15.42 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a 50 day moving average price of $20.00 and a 200-day moving average price of $19.71.

Insider Activity

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company’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 directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 720,682 shares of company stock worth $12,840,747. 1.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently added to or reduced their stakes in SMR. Vanguard Group Inc. increased its stake in NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after purchasing an additional 635,271 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NuScale Power by 1.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company’s stock valued at $101,998,000 after buying an additional 89,949 shares during the last quarter. Samsung C&T Corp acquired a new stake in NuScale Power during the 4th quarter worth $46,745,000. Geode Capital Management LLC lifted its position in NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock valued at $35,249,000 after acquiring an additional 135,613 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock valued at $31,317,000 after acquiring an additional 511,168 shares in the last quarter. 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.