NuScale Power (NYSE:SMR) Shares Down 3.9% – What’s Next?

NuScale Power Co. (NYSE:SMR) fell 3.9% during mid-day trading on Wednesday . The stock traded as low as $16.44 and last traded at $16.56. 3,555,255 shares traded hands during trading, a decline of 70% from the average session volume of 11,865,945 shares. The stock had previously closed at $17.23.

NuScale Power Price Performance

The firm has a market capitalization of $4.42 billion, a P/E ratio of -18.21 and a beta of 1.51. 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 business’s 50 day moving average is $21.53 and its 200-day moving average is $18.54.

Insider Transactions at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.96% of the stock is owned by insiders.

Institutional Trading of NuScale Power

A number of hedge funds have recently added to or reduced their stakes in SMR. Total Wealth Planning & Management Inc. acquired a new stake in shares of NuScale Power during the 4th quarter valued at $324,000. Glen Eagle Advisors LLC acquired a new stake in shares of NuScale Power during the fourth quarter valued at about $208,000. Voloridge Investment Management LLC bought a new stake in shares of NuScale Power during the fourth quarter worth about $1,766,000. Two Sigma Advisers LP acquired a new position in shares of NuScale Power in the fourth quarter valued at approximately $2,018,000. Finally, Two Sigma Investments LP raised its holdings in NuScale Power by 60.2% in the 4th quarter. Two Sigma Investments LP now owns 487,037 shares of the company’s stock valued at $8,733,000 after buying an additional 182,928 shares during the last quarter. 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.