NuScale Power (NYSE:SMR) Trading Down 3.9% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price dropped 3.9% on Wednesday . The company traded as low as $16.44 and last traded at $16.56. Approximately 3,555,255 shares changed hands during trading, a decline of 70% from the average daily volume of 11,865,945 shares. The stock had previously closed at $17.23.

Analyst Ratings Changes

Separately, UBS Group decreased their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.58.

NuScale Power Stock Performance

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 50 day moving average price of $21.26 and a 200 day moving average price of $18.63. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -16.48 and a beta of 1.58.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the firm'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 transaction, the chief executive officer now owns 34,675 shares of the company's stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The sale 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 24,618 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

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Hedge Funds Weigh In On NuScale Power

Large investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new position in NuScale Power in the 4th quarter valued at about $33,000. Venturi Wealth Management LLC lifted its position 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 acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp lifted its position 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 in the last quarter. Twin Tree Management LP bought a new position in shares of NuScale Power during the 4th quarter worth approximately $42,000. Finally, Amalgamated Bank lifted its position in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after buying an additional 986 shares in the last quarter. 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.