NuScale Power (NYSE:SMR) Trading Up 2.1% - Still a Buy?

NuScale Power Co. (NYSE:SMR - Get Free Report) shares traded up 2.1% on Thursday . The stock traded as high as $19.06 and last traded at $18.92. 2,519,947 shares were traded during trading, a decline of 69% from the average session volume of 8,237,132 shares. The stock had previously closed at $18.53.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price target on shares of 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 Stock Down 0.5 %

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 stock has a market capitalization of $5.11 billion, a PE ratio of -19.06 and a beta of 1.58. The company has a 50 day moving average price of $20.68 and a 200-day moving average price of $19.23.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, 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 sale, the chief executive officer now directly owns 34,675 shares of the company's stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares of the company's stock, valued at $470,764.50. This represents a 51.23 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is currently owned by company insiders.

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Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC bought a new stake in NuScale Power during the fourth quarter worth about $33,000. Venturi Wealth Management LLC grew its stake in shares of NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after acquiring an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of NuScale Power by 600.0% during the fourth 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 in the last quarter. Twin Tree Management LP purchased a new position in shares of NuScale Power in the 4th quarter worth about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power in the 3rd quarter worth about $44,000. 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.