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

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price gapped down before the market opened 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.

Analyst Ratings Changes

Separately, Craig Hallum boosted their price target on NuScale Power from $16.00 to $21.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.42.

NuScale Power Stock Down 5.2 %

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 firm has a 50 day moving average of $22.13 and a two-hundred day moving average of $16.98. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of -24.49 and a beta of 1.51.

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

Insider Buying and Selling at NuScale Power

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

Hedge Funds Weigh In On NuScale Power

Several large investors have recently modified their holdings of SMR. Victory Capital Management Inc. increased its holdings in NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock valued at $191,000 after purchasing an additional 656 shares during the period. Catalina Capital Group LLC grew its position in shares of NuScale Power by 6.8% in the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock valued at $146,000 after buying an additional 809 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of NuScale Power by 7.3% in the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock valued at $140,000 after buying an additional 820 shares during the period. Amalgamated Bank raised its position in shares of NuScale Power by 51.8% during 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, Indie Asset Partners LLC lifted its stake in shares of NuScale Power by 7.1% in the third quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock worth $218,000 after acquiring an additional 1,250 shares during the period. 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.