NuScale Power (NYSE:SMR) Stock Price Down 0.4% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report) shares fell 0.4% during mid-day trading on Tuesday . The company traded as low as $22.55 and last traded at $22.98. 4,435,700 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 12,209,884 shares. The stock had previously closed at $23.08.

NuScale Power Stock Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company's 50-day moving average price is $22.00 and its two-hundred day moving average price is $17.94. The company has a market cap of $4.87 billion, a P/E ratio of -20.07 and a beta of 1.51.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares in the company, valued at $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the 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. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company's stock.

Institutional Trading of NuScale Power

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in shares of NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock worth $191,000 after purchasing an additional 656 shares in the last quarter. Catalina Capital Group LLC lifted its position in shares of NuScale Power by 6.8% in the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock worth $146,000 after purchasing an additional 809 shares in the last quarter. HighTower Advisors LLC lifted its position 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 worth $140,000 after purchasing an additional 820 shares in the last quarter. Amalgamated Bank lifted 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 purchasing an additional 986 shares in the last quarter. Finally, Indie Asset Partners LLC raised its position in NuScale Power by 7.1% during the third quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock valued at $218,000 after acquiring an additional 1,250 shares in the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

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.