NuScale Power (NYSE:SMR) Stock Price Down 0.9% - Time to Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report) was down 0.9% during trading on Friday . The stock traded as low as $15.92 and last traded at $16.40. Approximately 1,841,348 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 8,263,195 shares. The stock had previously closed at $16.56.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BTIG Research started coverage on NuScale Power in a research report on Friday, April 11th. They set a "buy" rating and a $20.00 price objective on the stock. UBS Group dropped their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.60.

NuScale Power Price Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.77 billion, a P/E ratio of -17.79 and a beta of 1.64. The firm has a 50 day moving average of $16.14 and a 200-day moving average of $20.15.

Insider Buying and Selling at NuScale Power

In related news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief technology officer now owns 516,207 shares in the company, valued at approximately $7,810,211.91. This represents a 6.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction 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 directly owns 1,149 shares of the company's stock, valued at $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. In the last ninety days, insiders have sold 89,114 shares of company stock worth $1,351,231. Insiders own 1.96% of the company's stock.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in NuScale Power during the 4th quarter valued at $33,000. Venturi Wealth Management LLC lifted its holdings in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after buying an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp boosted its position in NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after buying an additional 1,800 shares during the period. Twin Tree Management LP purchased a new position in shares of NuScale Power during the fourth quarter worth approximately $42,000. Finally, Amalgamated Bank boosted its holdings in shares of NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after purchasing an additional 986 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

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.