NuScale Power (NYSE:SMR) Stock Price Down 3.1% – Should You Sell?

Shares of NuScale Power Co. (NYSE:SMR) were down 3.1% during mid-day trading on Tuesday . The stock traded as low as $20.40 and last traded at $21.32. Approximately 5,860,269 shares were traded during trading, an increase of 1% from the average daily volume of 5,779,617 shares. The stock had previously closed at $22.00.

Analysts Set New Price Targets

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

NuScale Power Price Performance

The stock has a 50 day moving average price of $11.68 and a 200-day moving average price of $9.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of -20.70 and a beta of 1.25.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The business had revenue of $0.97 million for the quarter, compared to analysts’ expectations of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same period in the previous year, the company earned ($0.13) EPS.

Insider Transactions at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 19,242 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the sale, the chief financial officer now directly owns 57,681 shares in the company, valued at $460,294.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Robert K. Temple sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at approximately $134,496.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Ramsey Hamady sold 19,242 shares of NuScale Power stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the sale, the chief financial officer now owns 57,681 shares in the company, valued at $460,294.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 490,595 shares of company stock worth $6,287,356 in the last ninety days. Insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMR. SG Americas Securities LLC lifted its holdings in shares of NuScale Power by 268.3% in the 1st quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock worth $286,000 after acquiring an additional 39,171 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in shares of NuScale Power during the first quarter worth $58,000. Resurgent Financial Advisors LLC grew its stake in shares of NuScale Power by 100.0% in the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after buying an additional 7,400 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after buying an additional 4,014 shares during the period. Finally, Virtu Financial LLC acquired a new position in NuScale Power during the 1st quarter worth about $98,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

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.