NuScale Power (NYSE:SMR) Trading 3.8% Higher – Time to Buy?

NuScale Power Co. (NYSE:SMR) shares traded up 3.8% during mid-day trading on Tuesday . The company traded as high as $14.80 and last traded at $14.69. 1,899,035 shares were traded during trading, a decline of 82% from the average session volume of 10,472,535 shares. The stock had previously closed at $14.16.

Analyst Ratings Changes

Separately, UBS Group decreased their target price 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 Up 1.6 %

The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.06 billion, a P/E ratio of -15.22 and a beta of 1.58. The firm has a fifty day simple moving average of $20.21 and a 200-day simple moving average of $19.67.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, 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. Over the last quarter, insiders have sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new position in shares of NuScale Power during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC boosted its position 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 valued at $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 4th 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 acquired a new stake in NuScale Power during the fourth quarter worth approximately $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NuScale Power in the 3rd quarter valued at approximately $44,000. 78.37% of the stock is 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.