NuScale Power (NYSE:SMR) Shares Down 1.4% - Should You Sell?

Key Points

• NuScale Power's stock price fell by 1.4% on Monday, trading between $49.70 and $50.95, with a significant decline in trading volume.
• Analysts have a mixed outlook on NuScale Power, with an average rating of "Hold" and a price target of $33.00, while several firms recently upgraded or downgraded their ratings on the stock.
• Insider trading activity saw executives selling significant shares, with VP Jacqueline F. Engel and CEO John Lawrence Hopkins both divesting portions of their holdings recently.

Shares of NuScale Power Corporation (NYSE:SMR - Get Free Report) were down 1.4% on Monday . The stock traded as low as $49.70 and last traded at $50.95. Approximately 4,965,999 shares traded hands during trading, a decline of 56% from the average daily volume of 11,351,572 shares. The stock had previously closed at $51.67.

Analyst Upgrades and Downgrades

Several research firms have commented on SMR. UBS Group lifted their price target on NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Northland Capmk raised NuScale Power to a "hold" rating in a research report on Monday, July 7th. Canaccord Genuity Group set a $35.00 price target on NuScale Power and gave the stock a "buy" rating in a research report on Thursday, May 29th. The Goldman Sachs Group set a $24.00 price target on NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Finally, BTIG Research lowered NuScale Power from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $33.00.

NuScale Power Stock Down 1.2%

The company has a market cap of $14.51 billion, a price-to-earnings ratio of -37.27 and a beta of 2.04. The company has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $25.30.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. The firm had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. On average, research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Activity at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $16.94, for a total transaction of $26,511.10. Following the sale, the vice president directly owned 1,218 shares in the company, valued at $20,632.92. The trade was a 56.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,278 shares of company stock worth $1,786,990. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMR. Harbour Investments Inc. boosted its stake in shares of NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock worth $46,000 after acquiring an additional 203 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock worth $31,000 after acquiring an additional 359 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of NuScale Power by 9.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 4,612 shares of the company's stock worth $182,000 after acquiring an additional 386 shares in the last quarter. Albion Financial Group UT boosted its stake in shares of NuScale Power by 26.2% during the 2nd quarter. Albion Financial Group UT now owns 2,045 shares of the company's stock worth $81,000 after acquiring an additional 425 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of NuScale Power by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 1,745 shares of the company's stock worth $69,000 after acquiring an additional 624 shares in the last quarter. 78.37% of the stock is 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.

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