NuScale Power (NYSE:SMR) Shares Down 1.7% - Time to Sell?

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) traded down 1.7% on Friday . The stock traded as low as $39.40 and last traded at $39.69. 4,367,237 shares changed hands during trading, a decline of 54% from the average session volume of 9,484,090 shares. The stock had previously closed at $40.38.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group increased their price target on NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research note 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 note on Tuesday, May 20th. BTIG Research restated a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. CLSA set a $41.00 target price on NuScale Power and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. Finally, Canaccord Genuity Group set a $35.00 price objective on NuScale Power and gave the company a "buy" rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.00.

NuScale Power Trading Down 3.9%

The stock has a market capitalization of $11.03 billion, a P/E ratio of -40.83 and a beta of 2.00. The stock has a 50-day moving average price of $23.10 and a two-hundred day moving average price of $21.37. 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 - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The company had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. On average, research analysts forecast that NuScale Power Co. will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

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 value of $623,322.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the transaction, the chief technology officer now owns 516,207 shares of the company's stock, valued at $7,810,211.91. This represents a 6.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,278 shares of company stock valued at $2,286,280. 1.27% of the stock is currently owned by corporate insiders.

Institutional Trading of NuScale Power

Several hedge funds have recently bought and sold shares of SMR. Vanguard Group Inc. boosted its stake in shares of NuScale Power by 6.1% in the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock worth $126,598,000 after acquiring an additional 512,618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NuScale Power by 20.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company's stock worth $96,880,000 after buying an additional 1,153,158 shares during the period. Samsung C&T Corp purchased a new stake in shares of NuScale Power in the fourth quarter worth approximately $46,745,000. Geode Capital Management LLC raised its holdings in shares of NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after buying an additional 135,613 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of NuScale Power by 1,220.7% in 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 buying an additional 1,705,411 shares during the period. 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.