NuScale Power (NYSE:SMR) Trading Down 1.5% - Time to Sell?

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) were down 1.5% on Thursday . The company traded as low as $16.52 and last traded at $16.86. Approximately 1,432,090 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,720,408 shares. The stock had previously closed at $17.12.

Wall Street Analysts Forecast Growth

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

NuScale Power Trading Down 7.2 %

The business has a 50 day moving average of $20.37 and a two-hundred day moving average of $19.56. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of -15.73 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Transactions at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock valued at $12,840,747 over the last ninety days. 1.96% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SMR. CoreCap Advisors LLC purchased a new position in NuScale Power during the 4th quarter worth $33,000. Venturi Wealth Management LLC grew its position in NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp lifted 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 buying an additional 1,800 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of NuScale Power in the 4th quarter worth approximately $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power during the third quarter valued at approximately $44,000. 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.