NuScale Power (NYSE:SMR) Stock Price Down 5.6% – What’s Next?

NuScale Power Co. (NYSE:SMR) was down 5.6% on Monday . The company traded as low as $13.78 and last traded at $14.13. Approximately 2,304,272 shares changed hands during trading, a decline of 72% from the average daily volume of 8,130,065 shares. The stock had previously closed at $14.97.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective 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.

NuScale Power Stock Performance

The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $20.37 and a 200-day moving average price of $19.63. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -15.26 and a beta of 1.58.

Insiders Place Their Bets

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the sale, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares of the company’s stock, valued at $16,683.48. This trade represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 720,682 shares of company stock worth $12,840,747. Corporate insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in NuScale Power by 17.9% in the 4th quarter. California State Teachers Retirement System now owns 79,687 shares of the company’s stock worth $1,429,000 after buying an additional 12,070 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in NuScale Power in the fourth quarter valued at about $207,000. Total Wealth Planning & Management Inc. acquired a new stake in NuScale Power during the 4th quarter valued at approximately $324,000. Glen Eagle Advisors LLC purchased a new stake in NuScale Power during the 4th quarter worth approximately $208,000. Finally, Voloridge Investment Management LLC acquired a new position in shares of NuScale Power in the 4th quarter valued at approximately $1,766,000. 78.37% of the stock is owned by institutional investors and hedge funds.

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.