NuScale Power (NYSE:SMR) Stock Price Down 3.9% – Time to Sell?

NuScale Power Co. (NYSE:SMR)’s stock price fell 3.9% during mid-day trading on Tuesday . The stock traded as low as $22.76 and last traded at $23.00. 3,175,176 shares were traded during mid-day trading, a decline of 51% from the average session volume of 6,444,492 shares. The stock had previously closed at $23.94.

Analyst Ratings Changes

SMR has been the subject of a number of research analyst reports. CLSA initiated coverage on NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price target for the company. Craig Hallum raised their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Trading Down 6.9 %

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $20.83 and a two-hundred day simple moving average of $13.73. The firm has a market capitalization of $5.69 billion, a P/E ratio of -23.54 and a beta of 1.33.

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power 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 transaction, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction on Friday, September 13th. The shares were sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the transaction, the insider now owns 14,054 shares in the company, valued at $134,496.78. This represents a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,237 shares of company stock valued at $6,053,065 in the last ninety days. Corporate insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NuScale Power during the 3rd quarter worth $44,000. US Bancorp DE purchased a new position in NuScale Power during the 3rd quarter worth $54,000. CWM LLC grew its stake in NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares during the last quarter. International Assets Investment Management LLC purchased a new position in NuScale Power during the 2nd quarter worth $64,000. Finally, TFC Financial Management Inc. acquired a new stake in NuScale Power during the 2nd quarter worth about $75,000. 15.28% of the stock is currently 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.