NuScale Power (NYSE:SMR) Shares Down 4.9% – What’s Next?

NuScale Power Co. (NYSE:SMR)’s stock price was down 4.9% during trading on Tuesday . The stock traded as low as $19.67 and last traded at $19.27. Approximately 7,391,666 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 11,281,665 shares. The stock had previously closed at $20.27.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised their price objective 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.42.

NuScale Power Price Performance

The company has a 50-day moving average of $22.65 and a 200-day moving average of $16.59. 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 stock has a market cap of $6.02 billion, a price-to-earnings ratio of -24.84 and a beta of 1.47.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, November 7th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $0.48 million during the quarter, compared to analyst estimates of $6.18 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. During the same quarter last year, the business posted ($0.26) EPS.

Insider Buying and Selling

In related news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Toth Financial Advisory Corp raised its holdings in 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 buying an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NuScale Power during the 3rd quarter valued at $44,000. US Bancorp DE purchased a new stake in NuScale Power during the 3rd quarter worth $54,000. CWM LLC raised its position in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after purchasing an additional 5,191 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of NuScale Power during the fourth quarter worth about $67,000. Institutional investors and hedge funds 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.