NuScale Power (NYSE:SMR) Shares Down 2.7% – Should You Sell?

NuScale Power Co. (NYSE:SMR) was down 2.7% during trading on Tuesday . The stock traded as low as $18.20 and last traded at $18.37. Approximately 1,641,801 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 8,199,293 shares. The stock had previously closed at $18.88.

Analysts Set New Price Targets

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

NuScale Power Trading Down 1.6 %

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 fifty day simple moving average of $20.68 and a two-hundred day simple moving average of $19.39. The company has a market capitalization of $5.25 billion, a P/E ratio of -19.58 and a beta of 1.58.

Insider Activity

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares of the company’s stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at $470,764.50. The trade was a 51.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 720,682 shares of company stock worth $12,840,747. Company insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

A number of hedge funds have recently made changes to their positions in SMR. CoreCap Advisors LLC acquired a new stake in shares of NuScale Power during the 4th quarter worth $33,000. Venturi Wealth Management LLC boosted its holdings in 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 last quarter. Toth Financial Advisory Corp boosted 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 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 worth approximately $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power during the third quarter valued at approximately $44,000. 78.37% of the stock is owned by institutional investors and hedge funds.

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.