NuScale Power (NYSE:SMR) Shares Down 5.2% – Here’s Why

NuScale Power Co. (NYSE:SMR)’s stock price was down 5.2% during trading on Thursday . The company traded as low as $19.53 and last traded at $20.04. Approximately 4,937,752 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 12,089,664 shares. The stock had previously closed at $21.13.

NuScale Power Price Performance

The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of -21.89 and a beta of 1.51. The stock’s fifty day moving average price is $22.01 and its two-hundred day moving average price is $17.92. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In related news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. This trade represents a 82.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after purchasing an additional 635,271 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NuScale Power by 1.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company’s stock worth $101,998,000 after buying an additional 89,949 shares during the last quarter. Samsung C&T Corp acquired a new position in NuScale Power in the 4th quarter valued at about $46,745,000. Geode Capital Management LLC raised its stake in NuScale Power by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock valued at $35,249,000 after acquiring an additional 135,613 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in NuScale Power by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after acquiring an additional 511,168 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

About NuScale Power

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.