NuScale Power (NYSE:SMR) Stock Price Down 0.7% – Time to Sell?

NuScale Power Co. (NYSE:SMR) dropped 0.7% during mid-day trading on Thursday . The company traded as low as $20.40 and last traded at $20.67. Approximately 2,957,870 shares were traded during trading, a decline of 64% from the average daily volume of 8,244,003 shares. The stock had previously closed at $20.82.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum boosted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Stock Up 0.9 %

The company has a market capitalization of $5.36 billion, a P/E ratio of -22.07 and a beta of 1.47. The company has a 50-day moving average of $22.85 and a two-hundred day moving average of $15.82. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Transactions at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were 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 in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $11,988,806.72. Following the sale, the chief executive officer now directly 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. Insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Several large investors have recently modified their holdings of SMR. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power during the third quarter valued at approximately $44,000. US Bancorp DE purchased a new stake in shares of NuScale Power in the 3rd quarter worth $54,000. CWM LLC raised its holdings in 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 purchasing an additional 5,191 shares during the period. Victory Capital Management Inc. purchased a new position in NuScale Power during the third quarter valued at $116,000. Finally, TRUE Private Wealth Advisors bought a new stake in NuScale Power during the third quarter valued at about $117,000. Institutional investors own 78.37% of the company’s stock.

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.