NuScale Power (NYSE:SMR) Stock Price Up 5.6% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price rose 5.6% during mid-day trading on Monday . The company traded as high as $19.25 and last traded at $19.14. Approximately 2,571,977 shares traded hands during trading, a decline of 69% from the average daily volume of 8,183,562 shares. The stock had previously closed at $18.13.

Wall Street Analyst Weigh In

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

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 stock has a market capitalization of $4.54 billion, a PE ratio of -16.91 and a beta of 1.58. The business's 50 day moving average is $20.60 and its 200 day moving average is $19.45.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now owns 29,985 shares of the company's stock, valued at approximately $470,764.50. This trade represents a 51.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at $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 in the last 90 days. Company insiders own 1.96% of the company's stock.

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Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of NuScale Power in the third quarter worth approximately $116,000. Quest Partners LLC lifted its stake in shares of NuScale Power by 52.4% in the third quarter. Quest Partners LLC now owns 14,950 shares of the company's stock worth $173,000 after buying an additional 5,142 shares in the last quarter. Intech Investment Management LLC purchased a new stake in NuScale Power during the 3rd quarter valued at about $175,000. Charles Schwab Investment Management Inc. raised its holdings in NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock valued at $7,843,000 after acquiring an additional 460,487 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in NuScale Power in the 3rd quarter worth approximately $471,000. 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.