NuScale Power (NYSE:SMR) Shares Down 2.2% – Time to Sell?

NuScale Power Co. (NYSE:SMR) shares traded down 2.2% during mid-day trading on Monday . The company traded as low as $19.37 and last traded at $20.67. 4,601,809 shares were traded during mid-day trading, a decline of 29% from the average session volume of 6,488,085 shares. The stock had previously closed at $21.13.

Wall Street Analyst Weigh In

Several analysts have recently commented on SMR shares. Craig Hallum raised their target price on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. CLSA initiated coverage on NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Trading Down 0.0 %

The firm has a market capitalization of $5.54 billion, a PE ratio of -22.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The company has a fifty day moving average of $21.94 and a 200-day moving average of $14.29.

Insiders Place Their Bets

In related news, insider Robert K. Temple sold 144,627 shares of NuScale Power stock in a transaction on Friday, September 20th. The shares were sold at an average price of $10.90, for a total value of $1,576,434.30. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $153,188.60. The trade was a 91.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 422,237 shares of company stock valued at $6,005,215 in the last three months. Insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new stake in NuScale Power during the third quarter worth approximately $555,000. Tidal Investments LLC acquired a new stake in shares of NuScale Power in the third quarter worth $118,000. Barclays PLC boosted its holdings in shares of NuScale Power by 472.3% during the 3rd quarter. Barclays PLC now owns 150,791 shares of the company’s stock worth $1,746,000 after buying an additional 124,441 shares during the period. Geode Capital Management LLC grew its stake in NuScale Power by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock valued at $21,194,000 after buying an additional 317,285 shares during the last quarter. Finally, State Street Corp raised its holdings in NuScale Power by 10.2% in the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company’s stock worth $19,396,000 after acquiring an additional 154,368 shares during the period. 78.37% of the stock is owned by 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.