NuScale Power (NYSE:SMR) Stock Price Down 5.7% – Should You Sell?

NuScale Power Co. (NYSE:SMR)’s stock price fell 5.7% on Wednesday . The stock traded as low as $20.04 and last traded at $20.48. 6,564,440 shares changed hands during trading, an increase of 1% from the average session volume of 6,508,947 shares. The stock had previously closed at $21.71.

Analyst Ratings Changes

A number of analysts have recently issued reports on SMR shares. Craig Hallum increased their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report 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 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, NuScale Power presently has a consensus rating of “Moderate Buy” and an average target price of $10.39.

NuScale Power Trading Down 0.5 %

The company has a market cap of $4.85 billion, a price-to-earnings ratio of -20.01 and a beta of 1.33. The company’s 50 day moving average price is $22.23 and its 200 day moving average price is $14.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insiders Place Their Bets

In other NuScale Power news, insider Robert K. Temple sold 75,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $12.00, for a total transaction of $900,000.00. Following the completion of the sale, the insider now directly owns 14,054 shares in the company, valued at $168,648. This represents a 84.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 277,610 shares of company stock valued at $4,428,780 over the last three months. 1.96% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power in the 3rd quarter worth $44,000. US Bancorp DE acquired a new position in NuScale Power in the 3rd quarter valued at approximately $54,000. CWM LLC raised its holdings in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of NuScale Power during the 2nd quarter worth approximately $64,000. Finally, Quest Partners LLC bought a new stake in shares of NuScale Power during the second quarter valued at approximately $115,000. Institutional investors and hedge funds 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.