NuScale Power (NYSE:SMR) Shares Down 5% – What’s Next?

NuScale Power Co. (NYSE:SMR) shares dropped 5% during trading on Friday . The stock traded as low as $15.29 and last traded at $15.29. Approximately 1,687,848 shares were traded during trading, a decline of 79% from the average daily volume of 8,116,868 shares. The stock had previously closed at $16.10.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th.

NuScale Power Price Performance

The business’s 50 day moving average price is $20.51 and its 200-day moving average price is $19.43. The company has a market cap of $4.21 billion, a PE ratio of -15.70 and a beta of 1.58. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Activity at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares of the company’s stock, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction that occurred on 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 directly owns 1,149 shares of the company’s stock, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 720,682 shares of company stock worth $12,840,747 in the last 90 days. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC acquired a new stake in NuScale Power in the fourth quarter worth about $33,000. Venturi Wealth Management LLC lifted its stake in shares of NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the period. Toth Financial Advisory Corp boosted its stake in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new position in NuScale Power during the fourth quarter valued at about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NuScale Power in the 3rd quarter worth approximately $44,000. Institutional investors 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.