NuScale Power (NYSE:SMR) Shares Gap Down - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $23.84, but opened at $21.45. NuScale Power shares last traded at $22.58, with a volume of 4,498,048 shares changing hands.

Wall Street Analyst Weigh In

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

NuScale Power Stock Performance

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 company has a market capitalization of $6.60 billion, a PE ratio of -27.22 and a beta of 1.51. The stock has a 50-day simple moving average of $22.05 and a 200 day simple moving average of $17.08.

NuScale Power (NYSE:SMR - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The business had revenue of $0.48 million for the quarter, compared to analysts' expectations of $6.18 million. During the same quarter last year, the business posted ($0.26) earnings per share.

Insider Activity at NuScale Power

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its stake in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp increased its stake in shares of NuScale Power by 600.0% during 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power during the 3rd quarter worth about $44,000. Amalgamated Bank boosted its position in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after acquiring an additional 986 shares during the last quarter. Finally, US Bancorp DE purchased a new stake in NuScale Power in the third quarter valued at approximately $54,000. Hedge funds and other 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.