NuScale Power (NYSE:SMR) Trading Down 2.1% - Should You Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price dropped 2.1% during trading on Friday . The stock traded as low as $20.05 and last traded at $20.34. Approximately 2,666,024 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 11,969,931 shares. The stock had previously closed at $20.78.

NuScale Power Stock Down 8.3 %

The firm's 50 day simple moving average is $21.95 and its 200 day simple moving average is $18.01. The company has a market cap of $4.87 billion, a price-to-earnings ratio of -20.07 and a beta of 1.51. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Activity at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 34,675 shares of the company's stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was 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. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.96% of the company's stock.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently modified their holdings of the stock. CWM LLC boosted its holdings in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after purchasing an additional 5,191 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in NuScale Power during the 3rd quarter worth $175,000. Private Advisor Group LLC lifted its position in NuScale Power by 20.7% during the 3rd quarter. Private Advisor Group LLC now owns 35,470 shares of the company's stock worth $411,000 after acquiring an additional 6,071 shares during the last quarter. International Assets Investment Management LLC lifted its position in NuScale Power by 1,984.4% during the 3rd quarter. International Assets Investment Management LLC now owns 114,642 shares of the company's stock worth $1,328,000 after acquiring an additional 109,142 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in NuScale Power during the 3rd quarter worth $170,000. 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.