NuScale Power (NYSE:SMR) Trading Down 6.7% – Time to Sell?

NuScale Power Co. (NYSE:SMR) shares traded down 6.7% during trading on Monday . The stock traded as low as $22.92 and last traded at $23.07. 9,524,849 shares changed hands during trading, a decline of 23% from the average session volume of 12,315,810 shares. The stock had previously closed at $24.71.

NuScale Power Price Performance

The firm’s 50-day moving average price is $22.06 and its 200-day moving average price is $17.71. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.89 billion, a PE ratio of -24.28 and a beta of 1.51.

Insider Activity

In other news, 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 sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction dated Thursday, January 2nd. The stock was 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 in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new stake in NuScale Power in the 4th quarter worth about $460,000. FORA Capital LLC increased its position in shares of NuScale Power by 142.4% during the fourth quarter. FORA Capital LLC now owns 98,608 shares of the company’s stock worth $1,768,000 after acquiring an additional 57,922 shares during the period. Deutsche Bank AG increased its position in shares of NuScale Power by 50.0% during the fourth quarter. Deutsche Bank AG now owns 75,396 shares of the company’s stock worth $1,352,000 after acquiring an additional 25,131 shares during the period. CoreCap Advisors LLC bought a new position in shares of NuScale Power during the fourth quarter valued at approximately $33,000. Finally, BOKF NA boosted its stake in shares of NuScale Power by 15.4% during the fourth quarter. BOKF NA now owns 75,000 shares of the company’s stock valued at $1,345,000 after purchasing an additional 10,000 shares in the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

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.