NuScale Power (NYSE:SMR) Trading Down 1.4% – Time to Sell?

NuScale Power Co. (NYSE:SMR)’s share price dropped 1.4% during trading on Monday . The stock traded as low as $21.11 and last traded at $23.51. Approximately 6,351,619 shares traded hands during trading, a decline of 48% from the average daily volume of 12,187,996 shares. The stock had previously closed at $23.84.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their target price on shares of 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 issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.42.

NuScale Power Stock Performance

The business’s fifty day moving average is $22.44 and its two-hundred day moving average is $16.72. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $6.08 billion, a PE ratio of -25.06 and a beta of 1.51.

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

Insider Transactions at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value 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. This trade represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, valued at $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 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 bought and sold shares of SMR. Venturi Wealth Management LLC increased its holdings in NuScale Power by 313.8% in the 4th 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 in the last quarter. Toth Financial Advisory Corp boosted its position 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 worth $38,000 after purchasing an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power in the third quarter worth $44,000. US Bancorp DE bought a new stake in shares of NuScale Power during the 3rd quarter valued at $54,000. Finally, CWM LLC lifted its stake in shares of NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after buying an additional 5,191 shares in the last quarter. Hedge funds and other institutional investors 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.