NuScale Power (NYSE:SMR) Shares Down 5.1% – Time to Sell?

NuScale Power Co. (NYSE:SMR)’s share price traded down 5.1% on Thursday . The company traded as low as $15.14 and last traded at $15.17. 1,807,617 shares were traded during trading, a decline of 85% from the average session volume of 11,673,182 shares. The stock had previously closed at $15.98.

Analysts Set New Price Targets

Separately, UBS Group dropped their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.58.

NuScale Power Price Performance

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 firm has a market cap of $3.91 billion, a PE ratio of -16.14 and a beta of 1.58. The stock has a 50 day moving average price of $21.11 and a two-hundred day moving average price of $18.77.

Insiders Place Their Bets

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the transaction, the chief financial officer now directly owns 29,985 shares of the company’s stock, valued at $470,764.50. This represents a 51.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 720,682 shares of company stock valued at $12,840,747. Insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new position in NuScale Power during the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its position in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after buying an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp grew its stake in NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after acquiring an additional 1,800 shares during the period. Twin Tree Management LP purchased a new stake in NuScale Power in the 4th quarter worth $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NuScale Power during the third quarter worth $44,000. Hedge funds and other institutional investors 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.