NuScale Power (NYSE:SMR) Stock Price Down 3% - Time to Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report)'s stock price traded down 3% during trading on Monday . The stock traded as low as $31.11 and last traded at $31.03. 4,561,385 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 9,077,231 shares. The stock had previously closed at $31.99.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. CLSA set a $41.00 price objective on NuScale Power and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. 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. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. UBS Group boosted their target price on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group set a $35.00 target price on shares of NuScale Power and gave the company a "buy" rating in a research note 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

NuScale Power Stock Performance

The company has a market capitalization of $9.02 billion, a PE ratio of -33.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a 50 day moving average price of $19.61 and a 200 day moving average price of $20.86.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The business had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. Equities analysts forecast that NuScale Power Co. will post -0.73 EPS for the current year.

Insider Transactions at NuScale Power

In related news, VP Jacqueline F. Engel sold 1,565 shares of the firm's stock in a transaction 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 transaction, the vice president now directly owns 1,218 shares in the company, valued at $20,632.92. This trade represents a 56.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 159,774 shares of company stock valued at $2,780,768. Insiders own 1.27% of the company's stock.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers boosted its holdings in shares of NuScale Power by 12.8% in the 1st quarter. Rhumbline Advisers now owns 125,708 shares of the company's stock valued at $1,780,000 after buying an additional 14,304 shares during the period. Geneos Wealth Management Inc. bought a new position in NuScale Power in the first quarter worth about $60,000. Integrity Alliance LLC. boosted its stake in NuScale Power by 56.3% in the first quarter. Integrity Alliance LLC. now owns 17,219 shares of the company's stock valued at $244,000 after acquiring an additional 6,200 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 valued at $26,127,000 after purchasing an additional 1,705,411 shares during the last quarter. Finally, Voleon Capital Management LP bought a new position in shares of NuScale Power during the first quarter valued at approximately $741,000. 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.