NuScale Power (NYSE:SMR) Trading Down 6.7% - Here's Why

NuScale Power Co. (NYSE:SMR - Get Free Report) shares traded down 6.7% during trading on Monday . The company traded as low as $22.92 and last traded at $23.07. 9,524,849 shares were traded during mid-day trading, a decline of 23% from the average session volume of 12,315,810 shares. The stock had previously closed at $24.71.

NuScale Power Price Performance

The stock has a 50-day simple moving average of $22.00 and a 200 day simple moving average of $17.94. 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 stock has a market capitalization of $5.31 billion, a P/E ratio of -21.89 and a beta of 1.51.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the firm's 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NuScale Power

A number of large investors have recently added to or reduced their stakes in SMR. Samsung C&T Corp bought a new position in NuScale Power during the 4th quarter worth about $46,745,000. Arrowstreet Capital Limited Partnership bought a new position in NuScale Power during the 4th quarter worth about $22,823,000. Vanguard Group Inc. grew its holdings in shares of NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of NuScale Power by 90.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock valued at $14,307,000 after acquiring an additional 585,292 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 in the last quarter. Institutional investors 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.