NuScale Power (NYSE:SMR) Stock Price Down 3.3% - Should You Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report) was down 3.3% during trading on Wednesday . The stock traded as low as $14.76 and last traded at $14.88. Approximately 981,764 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 8,168,569 shares. The stock had previously closed at $15.38.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SMR shares. BTIG Research assumed coverage on NuScale Power in a research report on Friday, April 11th. They set a "buy" rating and a $20.00 price objective for the company. UBS Group decreased their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.60.

NuScale Power Trading Up 0.8 %

The firm's 50-day simple moving average is $17.06 and its 200 day simple moving average is $19.96. The stock has a market capitalization of $4.13 billion, a P/E ratio of -15.38 and a beta of 1.64. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In other news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief technology officer now directly owns 516,207 shares of the company's stock, valued at $7,810,211.91. This trade represents a 6.01 % 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, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,114 shares of company stock worth $1,351,231. Corporate insiders own 1.96% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Samsung C&T Corp purchased a new stake in shares of NuScale Power in the fourth quarter worth approximately $46,745,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of NuScale Power during the 4th quarter valued at $22,823,000. Vanguard Group Inc. grew its holdings in shares of NuScale Power by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after acquiring an additional 511,168 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in NuScale Power during the fourth quarter valued at $7,628,000. 78.37% of the stock is owned by institutional investors and hedge funds.

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.