NuScale Power (NYSE:SMR) Trading Down 4% - Time to Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report) fell 4% during mid-day trading on Wednesday . The company traded as low as $20.01 and last traded at $20.74. 7,058,464 shares changed hands during trading, an increase of 21% from the average session volume of 5,817,939 shares. The stock had previously closed at $21.61.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SMR shares. Craig Hallum boosted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an "outperform" rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.39.

NuScale Power Trading Down 3.8 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market capitalization of $5.18 billion, a PE ratio of -20.17 and a beta of 1.25. The business has a fifty day moving average price of $12.17 and a 200 day moving average price of $10.01.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The company had revenue of $0.97 million for the quarter, compared to analyst estimates of $1.43 million. During the same period last year, the firm posted ($0.13) earnings per share.

Insider Transactions at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 19,242 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total transaction of $153,551.16. Following the completion of the sale, the chief financial officer now directly owns 57,681 shares of the company's stock, valued at $460,294.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the transaction, the chief operating officer now directly owns 30,323 shares of the company's stock, valued at $266,539.17. This represents a 0.00 % 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, CFO Robert Ramsey Hamady sold 19,242 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the transaction, the chief financial officer now directly owns 57,681 shares in the company, valued at $460,294.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 490,595 shares of company stock worth $6,287,356. Company insiders own 1.96% of the company's stock.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in shares of NuScale Power during the third quarter valued at $54,000. CWM LLC grew its holdings in NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company's stock valued at $61,000 after purchasing an additional 5,191 shares during the period. International Assets Investment Management LLC bought a new stake in NuScale Power in the second quarter valued at approximately $64,000. TFC Financial Management Inc. acquired a new stake in NuScale Power in the second quarter worth $75,000. Finally, Fortitude Family Office LLC acquired a new position in shares of NuScale Power in the 2nd quarter valued at $98,000. Institutional investors own 15.28% 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.