NuScale Power (NYSE:SMR) Shares Up 0.7% – Still a Buy?

NuScale Power Co. (NYSE:SMR) shares traded up 0.7% during trading on Tuesday . The stock traded as high as $16.07 and last traded at $15.56. 6,169,042 shares were traded during mid-day trading, a decline of 48% from the average session volume of 11,815,134 shares. The stock had previously closed at $15.45.

NuScale Power Stock Performance

The company has a market cap of $4.39 billion, a P/E ratio of -18.09 and a beta of 1.51. The business has a 50 day moving average price of $21.60 and a two-hundred day moving average price of $18.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Activity

In related news, 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 value of $11,988,806.72. Following the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new stake in shares of NuScale Power in the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its stake in NuScale Power by 313.8% in 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 position in 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 during the period. Twin Tree Management LP bought a new position in NuScale Power in the 4th quarter worth $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power in the third quarter worth about $44,000. 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.