NuScale Power (NYSE:SMR) Stock Price Down 5.7% – Time to Sell?

NuScale Power Co. (NYSE:SMR) was down 5.7% on Wednesday . The company traded as low as $20.04 and last traded at $20.48. Approximately 6,564,440 shares were traded during trading, an increase of 1% from the average daily volume of 6,508,947 shares. The stock had previously closed at $21.71.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SMR shares. CLSA initiated coverage on shares of NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target for the company. Craig Hallum increased their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Stock Down 2.8 %

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 $5.39 billion, a P/E ratio of -22.22 and a beta of 1.33. The business’s 50 day moving average is $21.94 and its 200 day moving average is $14.29.

Insider Activity

In other news, insider Robert K. Temple sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $12.00, for a total transaction of $900,000.00. Following the completion of the transaction, the insider now directly owns 14,054 shares in the company, valued at $168,648. This trade represents a 84.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 shares were 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 directly owns 3,801 shares of the company’s stock, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 422,237 shares of company stock worth $6,005,215 over the last 90 days. 1.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power during the third quarter valued at approximately $44,000. US Bancorp DE acquired a new stake in NuScale Power in the 3rd quarter worth about $54,000. CWM LLC grew 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 buying an additional 5,191 shares during the period. International Assets Investment Management LLC purchased a new position in shares of NuScale Power during the 2nd quarter worth about $64,000. Finally, Quest Partners LLC acquired a new stake in shares of NuScale Power in the second quarter worth approximately $115,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.