NuScale Power (NYSE:SMR) Stock Price Down 2.1% – Here’s What Happened

Shares of NuScale Power Co. (NYSE:SMR) dropped 2.1% during mid-day trading on Friday . The stock traded as low as $20.05 and last traded at $20.34. Approximately 2,666,024 shares traded hands during trading, a decline of 78% from the average daily volume of 11,969,931 shares. The stock had previously closed at $20.78.

NuScale Power Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The company has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $18.08. The stock has a market cap of $4.87 billion, a P/E ratio of -20.07 and a beta of 1.51.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. The trade was 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. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently modified their holdings of SMR. CoreCap Advisors LLC bought a new position in NuScale Power during the 4th quarter valued at approximately $33,000. Venturi Wealth Management LLC raised its position 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 purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp raised its position in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares during the last quarter. Twin Tree Management LP bought a new position in NuScale Power during the 4th quarter valued at approximately $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power during the 3rd quarter valued at approximately $44,000. 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.