NuScale Power (NYSE:SMR) Stock Price Down 5.2% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price fell 5.2% during trading on Thursday . The company traded as low as $19.53 and last traded at $20.04. 4,937,752 shares changed hands during trading, a decline of 59% from the average session volume of 12,089,664 shares. The stock had previously closed at $21.13.

NuScale Power Stock Performance

The company has a market cap of $4.87 billion, a PE ratio of -20.07 and a beta of 1.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The business has a 50-day moving average of $21.95 and a 200 day moving average of $18.01.

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company's stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NuScale Power by 1.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock worth $101,998,000 after acquiring an additional 89,949 shares during the period. Samsung C&T Corp bought a new position in shares of NuScale Power in the fourth quarter worth about $46,745,000. Geode Capital Management LLC boosted its stake in shares of NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after acquiring an additional 135,613 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after acquiring an additional 511,168 shares during the period. Hedge funds and other 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.