NuScale Power (NYSE:SMR) Stock Price Down 1.6% – Should You Sell?

Shares of NuScale Power Co. (NYSE:SMR) dropped 1.6% during trading on Monday . The stock traded as low as $28.40 and last traded at $29.74. Approximately 5,609,090 shares traded hands during trading, a decline of 11% from the average daily volume of 6,307,366 shares. The stock had previously closed at $30.21.

Analyst Upgrades and Downgrades

SMR has been the subject of several recent research reports. CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 target price for the company. Craig Hallum increased their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Trading Up 6.5 %

The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -29.46 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company’s 50 day simple moving average is $18.11 and its two-hundred day simple moving average is $12.50.

Insider Buying and Selling at NuScale Power

In other news, insider Robert K. Temple sold 144,627 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the transaction, the insider now owns 14,054 shares in the company, valued at $153,188.60. This represents a 91.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 409,051 shares of company stock worth $5,525,671. 1.96% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Several large investors have recently modified their holdings of SMR. Canal Insurance CO boosted its holdings in NuScale Power by 35.0% in the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after purchasing an additional 56,000 shares during the period. Van ECK Associates Corp boosted its holdings in NuScale Power by 90.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock valued at $14,307,000 after purchasing an additional 585,292 shares during the period. International Assets Investment Management LLC boosted its holdings in NuScale Power by 1,984.4% in the 3rd quarter. International Assets Investment Management LLC now owns 114,642 shares of the company’s stock valued at $1,328,000 after purchasing an additional 109,142 shares during the period. SG Americas Securities LLC boosted its holdings in NuScale Power by 244.7% in the 2nd quarter. SG Americas Securities LLC now owns 185,342 shares of the company’s stock valued at $2,167,000 after purchasing an additional 131,570 shares during the period. Finally, Brookstone Capital Management bought a new stake in NuScale Power in the 2nd quarter valued at $126,000. 15.28% of the stock is owned by 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.