NuScale Power (NYSE:SMR) Trading Up 0.5% – Should You Buy?

NuScale Power Co. (NYSE:SMR)’s stock price shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $17.55 and last traded at $16.29. 3,972,602 shares traded hands during trading, a decline of 66% from the average session volume of 11,759,232 shares. The stock had previously closed at $16.21.

Analysts Set New Price Targets

Separately, UBS Group dropped their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.58.

NuScale Power Price Performance

The stock has a 50 day moving average of $21.15 and a two-hundred day moving average of $18.79. 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 stock has a market cap of $4.10 billion, a PE ratio of -16.85 and a beta of 1.58.

Insider Transactions at NuScale Power

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 value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares of the company’s stock, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 720,682 shares of company stock valued at $12,840,747 over the last ninety days. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new position in NuScale Power during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC grew its holdings in shares of 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 increased its stake in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after acquiring an additional 1,800 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of NuScale Power during the fourth quarter worth $42,000. Finally, Amalgamated Bank boosted its position in NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after purchasing an additional 986 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other 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.