NuScale Power (NYSE:SMR) Stock Price Down 1.5% – What’s Next?

NuScale Power Co. (NYSE:SMR) fell 1.5% during trading on Thursday . The stock traded as low as $16.52 and last traded at $16.86. 1,432,090 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 10,720,408 shares. The stock had previously closed at $17.12.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their target price 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 business has a 50-day moving average of $20.60 and a 200 day moving average of $19.45. 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 company has a market cap of $4.58 billion, a PE ratio of -17.07 and a beta of 1.58.

Insider Transactions at NuScale Power

In related 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 transaction of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock worth $12,840,747 in the last quarter. Company insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in NuScale Power in the 4th quarter worth $33,000. Venturi Wealth Management LLC boosted its stake 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 worth $35,000 after acquiring an additional 1,500 shares during the period. Toth Financial Advisory Corp grew its position in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new stake in NuScale Power during the 4th quarter valued at approximately $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NuScale Power in the 3rd quarter worth approximately $44,000. 78.37% of the stock is owned by hedge funds and other 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.