NuScale Power (NYSE:SMR) Trading Down 0.4% – Should You Sell?

NuScale Power Co. (NYSE:SMR)’s share price traded down 0.4% during trading on Thursday . The company traded as low as $16.62 and last traded at $17.89. 4,728,928 shares were traded during trading, a decline of 60% from the average session volume of 11,927,259 shares. The stock had previously closed at $17.95.

NuScale Power Stock Down 7.0 %

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 firm has a market cap of $4.26 billion, a P/E ratio of -17.56 and a beta of 1.51. The business has a fifty day moving average of $21.78 and a 200 day moving average of $18.28.

Insider Activity

In other news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 completion of the sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after acquiring an additional 656 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of NuScale Power by 6.8% during the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after buying an additional 809 shares during the period. HighTower Advisors LLC grew its stake in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock valued at $140,000 after buying an additional 820 shares during the last quarter. Amalgamated Bank lifted its position in NuScale Power by 51.8% during the fourth 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. Finally, Indie Asset Partners LLC increased its position in NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock worth $218,000 after buying an additional 1,250 shares during the period. 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.