NuScale Power (NYSE:SMR) Trading Down 2.2% - Here's What Happened

NuScale Power Co. (NYSE:SMR - Get Free Report) fell 2.2% during mid-day trading on Wednesday . The company traded as low as $24.79 and last traded at $25.05. 5,462,342 shares changed hands during trading, a decline of 39% from the average session volume of 8,987,169 shares. The stock had previously closed at $25.61.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NuScale Power has a consensus rating of "Moderate Buy" and a consensus target price of $10.39.

NuScale Power Price 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 company's fifty day moving average is $22.79 and its two-hundred day moving average is $16.16. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of -26.49 and a beta of 1.47.

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

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction 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 sale, the vice president now directly owns 3,801 shares of the company's stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction 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. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Toth Financial Advisory Corp increased its stake 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 acquiring an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power in the third quarter valued at $44,000. US Bancorp DE purchased a new position in NuScale Power during the 3rd quarter valued at about $54,000. CWM LLC raised its position in NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after acquiring an additional 5,191 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of NuScale Power in the fourth quarter valued at approximately $67,000. 78.37% of the stock is currently 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.

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