NuScale Power (NYSE:SMR) Trading 2.1% Higher – What’s Next?

NuScale Power Co. (NYSE:SMR)’s stock price traded up 2.1% during mid-day trading on Thursday . The company traded as high as $19.06 and last traded at $18.92. 2,519,947 shares were traded during trading, a decline of 69% from the average session volume of 8,237,132 shares. The stock had previously closed at $18.53.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th.

NuScale Power Price Performance

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 company has a 50-day simple moving average of $20.75 and a two-hundred day simple moving average of $19.08. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of -19.24 and a beta of 1.58.

Insider Activity

In related news, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the transaction, the vice president now owns 1,149 shares of the company’s stock, valued at $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’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 completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 720,682 shares of company stock valued at $12,840,747 over the last ninety days. 1.96% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Several institutional investors have recently added to or reduced their stakes in SMR. Samsung C&T Corp acquired a new stake in shares of NuScale Power in the 4th quarter valued at about $46,745,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of NuScale Power in the fourth quarter valued at about $22,823,000. Vanguard Group Inc. lifted its position in shares of NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after purchasing an additional 635,271 shares in the last quarter. Van ECK Associates Corp grew its position in NuScale Power by 41.4% in the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after purchasing an additional 511,168 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 buying an additional 460,487 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

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.