NuScale Power (NYSE:SMR) Trading Down 0.4% – Here’s Why

NuScale Power Co. (NYSE:SMR)’s stock price was down 0.4% on Tuesday . The stock traded as low as $22.55 and last traded at $22.98. Approximately 4,435,700 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 12,209,884 shares. The stock had previously closed at $23.08.

NuScale Power Stock Down 1.6 %

The company has a market cap of $5.31 billion, a price-to-earnings ratio of -21.89 and a beta of 1.51. The stock’s 50-day moving average is $22.00 and its 200-day moving average is $17.94. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Transactions at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of the business’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 completion of the sale, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new position in NuScale Power in the fourth quarter worth $33,000. Venturi Wealth Management LLC boosted its holdings 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 buying an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp grew its position in 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 buying an additional 1,800 shares during the period. Twin Tree Management LP purchased a new stake in NuScale Power during the fourth quarter worth about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NuScale Power in the third quarter worth about $44,000. 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.