NuScale Power (NYSE:SMR) Stock Price Up 5.6% – Should You Buy?

NuScale Power Co. (NYSE:SMR)’s share price shot up 5.6% during trading on Monday . The stock traded as high as $19.25 and last traded at $19.14. 2,571,977 shares changed hands during trading, a decline of 69% from the average session volume of 8,183,562 shares. The stock had previously closed at $18.13.

Wall Street Analyst Weigh In

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

NuScale Power Price Performance

The company’s fifty day moving average price is $20.67 and its two-hundred day moving average price is $19.47. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.27 billion, a price-to-earnings ratio of -19.65 and a beta of 1.58.

Insiders Place Their Bets

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the transaction, the chief financial officer now owns 29,985 shares in the company, valued at approximately $470,764.50. This represents a 51.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on Thursday, January 2nd. The shares were 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 $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 720,682 shares of company stock worth $12,840,747. Corporate insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

A number of large investors have recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in NuScale Power by 17.9% during the fourth quarter. California State Teachers Retirement System now owns 79,687 shares of the company’s stock worth $1,429,000 after acquiring an additional 12,070 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NuScale Power during the 4th quarter worth approximately $207,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of NuScale Power in the 4th quarter valued at approximately $324,000. Glen Eagle Advisors LLC bought a new position in shares of NuScale Power in the fourth quarter valued at $208,000. Finally, Voloridge Investment Management LLC acquired a new position in NuScale Power during the fourth quarter worth $1,766,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.