NuScale Power (NYSE:SMR) Shares Gap Up - Should You Buy?

NuScale Power Co. (NYSE:SMR - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $14.16, but opened at $14.75. NuScale Power shares last traded at $14.14, with a volume of 1,078,244 shares trading hands.

Analysts Set New Price Targets

Separately, UBS Group reduced their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th.

NuScale Power Stock Down 14.4 %

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 stock's fifty day simple moving average is $19.49 and its two-hundred day simple moving average is $19.64. The stock has a market capitalization of $3.42 billion, a P/E ratio of -12.66 and a beta of 1.58.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. This trade represents a 51.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This trade represents a 95.54 % 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.

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Institutional Investors Weigh In On NuScale Power

Large investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in shares of NuScale Power during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC raised its holdings in shares of NuScale Power by 313.8% during 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 period. Toth Financial Advisory Corp boosted its position 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 worth $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of NuScale Power in the 4th quarter valued at about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NuScale Power in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds 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.