NuScale Power (NYSE:SMR) Trading Down 5.5% on Insider Selling

NuScale Power Co. (NYSE:SMR)’s share price traded down 5.5% on Tuesday following insider selling activity. The company traded as low as $25.61 and last traded at $25.72. 4,266,478 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 6,386,280 shares. The stock had previously closed at $27.22.

Specifically, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

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

NuScale Power Stock Down 0.3 %

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 capitalization of $6.33 billion, a price-to-earnings ratio of -28.00 and a beta of 1.33. The firm’s fifty day simple moving average is $19.82 and its two-hundred day simple moving average is $13.24.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $44,000. US Bancorp DE purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $54,000. CWM LLC raised its stake in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of NuScale Power in the 2nd quarter valued at approximately $64,000. Finally, TFC Financial Management Inc. purchased a new stake in shares of NuScale Power in the 2nd quarter valued at approximately $75,000. 15.28% of the stock is owned by hedge funds and other institutional investors.

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.