NuScale Power (NYSE:SMR) Shares Up 1.5% – Time to Buy?

NuScale Power Co. (NYSE:SMR) traded up 1.5% during trading on Friday . The stock traded as high as $17.19 and last traded at $16.96. 4,003,935 shares were traded during trading, a decline of 66% from the average session volume of 11,851,806 shares. The stock had previously closed at $16.71.

NuScale Power Stock Performance

The company’s 50-day moving average is $21.69 and its two-hundred day moving average is $18.38. The company has a market capitalization of $4.40 billion, a P/E ratio of -18.14 and a beta of 1.51. 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 related news, 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 transaction 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 trade represents a 95.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMR. Vanguard Group Inc. boosted its stake in shares of NuScale Power by 8.2% in the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NuScale Power by 1.6% during the fourth 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 period. Samsung C&T Corp bought a new position in shares of NuScale Power during the fourth quarter valued at about $46,745,000. Geode Capital Management LLC increased its holdings in shares of NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock worth $35,249,000 after buying an additional 135,613 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of NuScale Power by 41.4% in the 4th 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 during the last quarter. 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.