NuScale Power (NYSE:SMR) Shares Down 4.5% - Time to Sell?

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) fell 4.5% on Tuesday . The company traded as low as $20.51 and last traded at $20.75. 3,760,550 shares changed hands during trading, a decline of 42% from the average session volume of 6,494,657 shares. The stock had previously closed at $21.72.

Wall Street Analysts Forecast Growth

SMR has been the subject of several analyst reports. CLSA started coverage on NuScale Power in a research report on Friday, September 13th. They set an "outperform" rating and a $11.00 target price for the company. Craig Hallum lifted their price objective on 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 five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.39.

NuScale Power Stock Down 0.0 %

The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of -22.85 and a beta of 1.33. 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 firm's fifty day moving average price is $21.94 and its 200-day moving average price is $14.29.

Insider Buying and Selling

In other news, VP Jacqueline F. Engel sold 18,186 shares of the 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 in the company, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert K. Temple sold 68,558 shares of the company's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $13.02, for a total transaction of $892,625.16. Following the sale, the insider now directly owns 14,054 shares in the company, valued at $182,983.08. This trade represents a 82.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 422,237 shares of company stock valued at $6,005,215 over the last 90 days. 1.96% of the stock is owned by insiders.

Hedge Funds Weigh In On NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power in the 3rd quarter valued at $44,000. US Bancorp DE acquired a new position in shares of NuScale Power during the third quarter valued at about $54,000. CWM LLC increased its position in shares of 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 in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of NuScale Power in the second quarter worth approximately $64,000. Finally, TFC Financial Management Inc. purchased a new stake in NuScale Power in the 2nd quarter valued at $75,000. Institutional investors own 78.37% of the company's stock.

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.