NuScale Power (NYSE:SMR) Shares Down 0.4% – Time to Sell?

NuScale Power Co. (NYSE:SMR) fell 0.4% on Thursday . The company traded as low as $16.62 and last traded at $17.89. 4,728,928 shares changed hands during trading, a decline of 60% from the average session volume of 11,927,259 shares. The stock had previously closed at $17.95.

NuScale Power Stock 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 $4.26 billion, a P/E ratio of -17.56 and a beta of 1.51. The firm has a 50 day moving average price of $21.78 and a two-hundred day moving average price of $18.28.

Insider Activity

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new stake in NuScale Power in the 4th quarter valued at about $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 valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of NuScale Power by 600.0% in the fourth 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 NuScale Power during the 4th quarter worth $42,000. Finally, Amalgamated Bank boosted its position in NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after buying an additional 986 shares during the last quarter. 78.37% of the stock is owned by institutional investors.

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.