NuScale Power (NYSE:SMR) Shares Up 0.7% – Still a Buy?

NuScale Power Co. (NYSE:SMR)’s stock price shot up 0.7% on Tuesday . The company traded as high as $16.07 and last traded at $15.56. 6,169,042 shares were traded during trading, a decline of 48% from the average session volume of 11,815,134 shares. The stock had previously closed at $15.45.

NuScale Power Price Performance

The firm’s 50 day moving average price is $21.60 and its two-hundred day moving average price is $18.48. 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 stock has a market cap of $4.39 billion, a PE ratio of -18.09 and a beta of 1.51.

Insider Activity

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly 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 SEC, which is available through this hyperlink. 1.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC bought a new position in NuScale Power in the 4th quarter worth about $33,000. Venturi Wealth Management LLC raised its stake in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings 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 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 in the 4th quarter valued at $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.