NuScale Power (NYSE:SMR) Shares Down 1.8% – Should You Sell?

NuScale Power Co. (NYSE:SMR)’s stock price fell 1.8% on Tuesday . The stock traded as low as $22.30 and last traded at $23.42. 5,544,179 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 12,213,779 shares. The stock had previously closed at $23.85.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lifted their target price 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 four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.42.

NuScale Power Trading Down 4.4 %

The business’s 50-day moving average price is $22.36 and its two-hundred day moving average price is $16.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of -23.99 and a beta of 1.51.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The firm had revenue of $0.48 million during the quarter, compared to analyst estimates of $6.18 million. During the same period in the prior year, the firm earned ($0.26) EPS.

Insider Buying and Selling

In other news, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company’s 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 transaction, the chief executive officer now owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its holdings in shares of NuScale Power by 90.0% during the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock worth $14,307,000 after purchasing an additional 585,292 shares during the period. Charles Schwab Investment Management Inc. increased its stake in NuScale Power by 212.4% during 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 period. Geode Capital Management LLC increased its stake in NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock valued at $21,194,000 after buying an additional 317,285 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of NuScale Power during the 3rd quarter valued at about $2,895,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of NuScale Power by 291.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 292,833 shares of the company’s stock valued at $5,250,000 after purchasing an additional 217,998 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

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.