NuScale Power (NYSE:SMR) Stock Price Down 1.8% - Should You Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report) shares traded down 1.8% on Tuesday . The stock traded as low as $22.30 and last traded at $23.42. 5,544,179 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 12,213,779 shares. The stock had previously closed at $23.85.

Analysts Set New Price Targets

Separately, Craig Hallum increased their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, NuScale Power currently has a consensus rating of "Moderate Buy" and an average price target of $11.42.

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 company's 50 day moving average is $22.13 and its 200 day moving average is $16.98. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of -27.22 and a beta of 1.51.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $0.48 million for the quarter, compared to analyst estimates of $6.18 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. During the same quarter in the previous year, the company earned ($0.26) earnings per share.

Insiders Place Their Bets

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the 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 completion of the transaction, the chief executive officer now owns 34,675 shares of the company's stock, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares of the company's stock, valued at $110,229. This trade represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its holdings in NuScale Power by 313.8% in 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 during the last quarter. Toth Financial Advisory Corp raised its holdings 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 buying an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power in the 3rd quarter valued at approximately $44,000. Amalgamated Bank raised its holdings in NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares during the last quarter. Finally, US Bancorp DE bought a new position in NuScale Power in the 3rd quarter valued at approximately $54,000. Institutional investors own 78.37% of the company's stock.

NuScale Power Company Profile

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.