NuScale Power (NYSE:SMR) Trading Down 2.9% – Time to Sell?

NuScale Power Co. (NYSE:SMR) shares fell 2.9% during mid-day trading on Thursday . The stock traded as low as $14.64 and last traded at $15.59. 2,338,348 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 8,140,943 shares. The stock had previously closed at $16.06.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th.

NuScale Power Stock Performance

The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of -15.84 and a beta of 1.64. 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 stock has a 50 day simple moving average of $18.44 and a two-hundred day simple moving average of $19.83.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares of the company’s stock, valued at $470,764.50. This represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,114 shares of company stock valued at $1,351,231. Corporate insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMR. CoreCap Advisors LLC acquired a new position in shares of NuScale Power in the 4th quarter valued at $33,000. Venturi Wealth Management LLC grew its holdings in NuScale Power by 313.8% during 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 increased its holdings in shares of NuScale Power by 600.0% in the 4th 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 stake in shares of NuScale Power during the 4th quarter valued at approximately $42,000. Finally, NBC Securities Inc. raised its holdings in NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock worth $46,000 after purchasing an additional 3,309 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.