NuScale Power (NYSE:SMR) Shares Down 2.5% - Time to Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price traded down 2.5% during mid-day trading on Monday . The company traded as low as $28.66 and last traded at $28.91. 4,439,820 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 6,373,202 shares. The stock had previously closed at $29.65.

Analysts Set New Price Targets

A number of research firms recently commented on SMR. Craig Hallum increased their price target on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. CLSA began coverage on NuScale Power in a research note on Friday, September 13th. They issued an "outperform" rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.39.

NuScale Power Trading Down 6.1 %

The business's 50-day simple moving average is $19.23 and its 200-day simple moving average is $12.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -30.55 and a beta of 1.12.

Insider Buying and Selling at NuScale Power

In other news, insider Robert K. Temple sold 144,627 shares of the business's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the completion of the transaction, the insider now directly owns 14,054 shares in the company, valued at approximately $153,188.60. The trade was a 91.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 409,051 shares of company stock valued at $5,525,671. 1.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in NuScale Power by 25.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock worth $106,000 after purchasing an additional 4,014 shares in the last quarter. Virtu Financial LLC bought a new stake in NuScale Power in the 1st quarter valued at $98,000. Simplicity Wealth LLC acquired a new position in NuScale Power in the 2nd quarter worth $159,000. Fortitude Family Office LLC bought a new position in NuScale Power during the 2nd quarter worth about $98,000. Finally, SG Americas Securities LLC raised its stake in shares of NuScale Power by 244.7% in the 2nd quarter. SG Americas Securities LLC now owns 185,342 shares of the company's stock valued at $2,167,000 after purchasing an additional 131,570 shares during the period. Institutional investors own 15.28% 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.

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