NuScale Power (NYSE:SMR - Free Report) had its price target lowered by UBS Group from $25.00 to $17.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.
NuScale Power Stock Down 1.9 %
SMR traded down $0.30 during midday trading on Friday, reaching $15.65. The company's stock had a trading volume of 11,051,525 shares, compared to its average volume of 11,949,105. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of -16.48 and a beta of 1.58. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power has a 1 year low of $3.79 and a 1 year high of $32.30. The stock's 50-day moving average is $21.33 and its 200-day moving average is $18.51.
Insiders Place Their Bets
In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. This represents a 95.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company's stock.
Institutional Investors Weigh In On NuScale Power
Several institutional investors and hedge funds have recently made changes to their positions in SMR. US Bancorp DE bought a new stake in shares of NuScale Power during the third quarter valued at approximately $54,000. Catalina Capital Group LLC increased its position in shares of NuScale Power by 6.8% during the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock valued at $146,000 after acquiring an additional 809 shares in the last quarter. Philip James Wealth Mangement LLC bought a new stake in shares of NuScale Power during the third quarter valued at approximately $1,656,000. TimesSquare Capital Management LLC bought a new stake in shares of NuScale Power during the third quarter valued at approximately $2,895,000. Finally, Entropy Technologies LP bought a new stake in shares of NuScale Power during the third quarter valued at approximately $138,000. Institutional investors own 78.37% of the company's stock.
NuScale Power Company Profile
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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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