NuScale Power (NYSE:SMR) Trading Down 4.5% – Should You Sell?

NuScale Power Co. (NYSE:SMR) traded down 4.5% during mid-day trading on Tuesday . The stock traded as low as $20.51 and last traded at $20.75. 3,760,550 shares were traded during trading, a decline of 42% from the average session volume of 6,494,657 shares. The stock had previously closed at $21.72.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SMR. Craig Hallum boosted their price objective on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. CLSA started coverage on NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Stock Down 0.5 %

The firm has a market cap of $4.85 billion, a PE ratio of -20.01 and a beta of 1.33. The company has a 50-day simple moving average of $22.09 and a 200-day simple moving average of $14.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Insider Activity at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at $255,782.80. The trade was a 89.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 422,237 shares of company stock worth $6,005,215 in the last quarter. 1.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On NuScale Power

Several institutional investors have recently bought and sold shares of SMR. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power in the third quarter worth about $44,000. US Bancorp DE acquired a new stake in NuScale Power in the third quarter valued at approximately $54,000. CWM LLC grew its holdings in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after purchasing an additional 5,191 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of NuScale Power during the 2nd quarter valued at $64,000. Finally, Quest Partners LLC acquired a new stake in shares of NuScale Power in the 2nd quarter worth $115,000. 78.37% of the stock is owned by hedge funds and other 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.