NuScale Power (NYSE:SMR) Shares Down 4.9% – What’s Next?

NuScale Power Co. (NYSE:SMR) dropped 4.9% during mid-day trading on Tuesday . The stock traded as low as $19.67 and last traded at $19.27. Approximately 7,391,666 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 11,281,665 shares. The stock had previously closed at $20.27.

Analyst Ratings Changes

Separately, Craig Hallum upped their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Trading Up 3.0 %

The business’s 50 day moving average price is $22.85 and its 200-day moving average price is $16.51. The company has a market cap of $5.33 billion, a price-to-earnings ratio of -21.97 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

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

Insider Activity at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. The trade was a 95.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’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 sale, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toth Financial Advisory Corp lifted its holdings in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after buying an additional 1,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of NuScale Power during the third quarter worth $44,000. US Bancorp DE acquired a new position in shares of NuScale Power during the third quarter valued at $54,000. CWM LLC boosted its holdings in NuScale Power by 4,593.8% in the third quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in NuScale Power during the 4th quarter worth about $67,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.