NuScale Power (NYSE:SMR) Stock Price Down 5.8% – Should You Sell?

NuScale Power Co. (NYSE:SMR)’s share price was down 5.8% on Thursday . The company traded as low as $24.71 and last traded at $24.87. Approximately 3,919,197 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 12,249,309 shares. The stock had previously closed at $26.40.

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 business’s 50-day simple moving average is $22.06 and its two-hundred day simple moving average is $17.60. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of -24.28 and a beta of 1.51.

Insider Buying and Selling

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares of the company’s stock, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC grew its stake in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp grew its stake in shares of NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after buying an additional 1,800 shares during the period. Twin Tree Management LP purchased a new stake in shares of NuScale Power in the 4th quarter valued at approximately $42,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NuScale Power in the 3rd quarter worth approximately $44,000. Finally, Amalgamated Bank lifted its holdings in shares of NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after acquiring an additional 986 shares during the last quarter. Hedge funds and other institutional investors own 78.37% 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.