NuScale Power (NYSE:SMR) Trading Down 0.4% – Should You Sell?

NuScale Power Co. (NYSE:SMR) was down 0.4% on Friday . The stock traded as low as $21.21 and last traded at $21.57. Approximately 2,192,302 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 6,479,091 shares. The stock had previously closed at $21.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SMR shares. Craig Hallum raised their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Trading Down 2.4 %

The business has a 50 day simple moving average of $21.59 and a two-hundred day simple moving average of $14.07. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of -22.24 and a beta of 1.33. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Transactions at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the sale, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert K. Temple sold 75,000 shares of NuScale Power stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $12.00, for a total value of $900,000.00. Following the completion of the transaction, the insider now owns 14,054 shares of the company’s stock, valued at $168,648. This trade represents a 84.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 422,237 shares of company stock valued at $6,005,215. 1.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMR. Canal Insurance CO raised its position in shares of NuScale Power by 35.0% during the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after acquiring an additional 56,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after purchasing an additional 460,487 shares during the period. Verition Fund Management LLC lifted its position in shares of NuScale Power by 319.9% in the 3rd quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock worth $1,314,000 after buying an additional 86,454 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of NuScale Power in the 3rd quarter valued at about $277,000. Finally, Van ECK Associates Corp grew its position in shares of NuScale Power by 90.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock valued at $14,307,000 after buying an additional 585,292 shares during the last quarter. 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.