NuScale Power (NYSE:SMR) Trading Down 5.6% – Should You Sell?

NuScale Power Co. (NYSE:SMR) shares fell 5.6% on Tuesday . The company traded as low as $23.26 and last traded at $23.15. 1,449,294 shares were traded during mid-day trading, a decline of 83% from the average session volume of 8,573,705 shares. The stock had previously closed at $24.52.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SMR shares. UBS Group reduced their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. BTIG Research reiterated a “buy” rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group began coverage on NuScale Power in a report on Tuesday. They issued a “neutral” rating and a $24.00 target price for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, NuScale Power presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.83.

NuScale Power Trading Down 3.8%

The company has a fifty day simple moving average of $16.80 and a two-hundred day simple moving average of $20.24. 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 stock has a market capitalization of $6.71 billion, a P/E ratio of -24.83 and a beta of 1.62.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.06. The firm had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. On average, sell-side analysts expect that NuScale Power Co. will post -0.73 earnings per share for the current year.

Insider Activity at NuScale Power

In other news, CEO John Lawrence Hopkins sold 26,345 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total transaction of $623,322.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,392 shares of company stock worth $3,138,221. Corporate insiders own 1.27% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently added to or reduced their stakes in the business. Samsung C&T Corp acquired a new stake in NuScale Power in the fourth quarter valued at $46,745,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of NuScale Power by 1,220.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after acquiring an additional 1,705,411 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of NuScale Power in the fourth quarter worth approximately $22,823,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NuScale Power by 20.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after purchasing an additional 1,153,158 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in NuScale Power during the 1st quarter worth approximately $14,271,000. 78.37% of the stock is 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.