NuScale Power (NYSE:SMR) Stock Price Down 2.2% – Time to Sell?

NuScale Power Co. (NYSE:SMR) dropped 2.2% during trading on Wednesday . The company traded as low as $24.79 and last traded at $25.05. Approximately 5,462,342 shares were traded during trading, a decline of 39% from the average daily volume of 8,987,169 shares. The stock had previously closed at $25.61.

Analysts Set New Price Targets

Separately, Craig Hallum lifted their target price on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NuScale Power currently has a consensus rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Stock Performance

The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of -26.49 and a beta of 1.47. The stock has a 50 day simple moving average of $22.79 and a 200 day simple moving average of $16.16. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

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

Insider Activity at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 34,675 shares of the company’s stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

Hedge Funds Weigh In On NuScale Power

Large investors have recently bought and sold shares of the stock. Toth Financial Advisory Corp raised its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after acquiring an additional 1,800 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of NuScale Power during the fourth quarter worth $67,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power during the third quarter valued at $44,000. KBC Group NV purchased a new position in NuScale Power in the fourth quarter valued at about $70,000. Finally, US Bancorp DE acquired a new position in NuScale Power in the 3rd quarter worth about $54,000. Institutional investors and hedge funds 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.