NuScale Power (NYSE:SMR) Trading Down 1.4% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report) shares dropped 1.4% on Monday . The stock traded as low as $21.11 and last traded at $23.51. Approximately 6,351,619 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 12,187,996 shares. The stock had previously closed at $23.84.

Wall Street Analyst Weigh In

Separately, Craig Hallum lifted their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.42.

NuScale Power Stock Down 5.2 %

The business's fifty day moving average price is $22.13 and its two-hundred day moving average price is $16.98. 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 firm has a market capitalization of $5.94 billion, a P/E ratio of -24.49 and a beta of 1.51.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The firm had revenue of $0.48 million during the quarter, compared to analysts' expectations of $6.18 million. During the same period in the prior year, the firm posted ($0.26) earnings per share.

Insider Buying and Selling

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the business's stock in a transaction dated 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 owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now directly owns 3,801 shares of the company's stock, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On NuScale Power

Hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in NuScale Power by 313.8% during the 4th 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 period. Toth Financial Advisory Corp lifted 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 worth $38,000 after purchasing an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power in the third quarter valued at approximately $44,000. Amalgamated Bank increased its holdings in NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after buying an additional 986 shares during the period. Finally, US Bancorp DE acquired a new stake in NuScale Power during the 3rd quarter valued at approximately $54,000. 78.37% of the stock is owned by institutional investors and hedge funds.

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.