NuScale Power (NYSE:SMR) Trading Down 4.9% – Should You Sell?

NuScale Power Co. (NYSE:SMR)’s share price traded down 4.9% during trading on Tuesday . The stock traded as low as $19.67 and last traded at $19.27. 7,391,666 shares changed hands during trading, a decline of 34% from the average session volume of 11,281,665 shares. The stock had previously closed at $20.27.

Wall Street Analyst Weigh In

Separately, Craig Hallum lifted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, NuScale Power presently has an average rating of “Moderate Buy” and an average target price of $11.42.

NuScale Power Trading Up 7.2 %

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 market cap of $6.02 billion, a price-to-earnings ratio of -24.84 and a beta of 1.47. The firm has a 50-day moving average price of $22.65 and a 200 day moving average price of $16.59.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The business had revenue of $0.48 million for the quarter, compared to the consensus estimate of $6.18 million. During the same quarter in the previous year, the firm earned ($0.26) EPS.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the business’s 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 owns 3,801 shares of the company’s stock, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

Hedge funds and other institutional investors have recently modified their holdings of the stock. Toth Financial Advisory Corp increased its stake in 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 buying an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power in the third quarter valued at approximately $44,000. US Bancorp DE acquired a new position in shares of NuScale Power during the third quarter valued at approximately $54,000. CWM LLC raised its holdings in NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after purchasing an additional 5,191 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in NuScale Power in the fourth quarter worth approximately $67,000. 78.37% of the stock is currently owned by institutional investors.

About NuScale Power

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.