NuScale Power (NYSE:SMR) Shares Gap Down – Should You Sell?

Shares of NuScale Power Co. (NYSE:SMR) gapped down before the market opened on Thursday . The stock had previously closed at $18.53, but opened at $17.84. NuScale Power shares last traded at $18.66, with a volume of 903,873 shares traded.

Analyst Ratings Changes

Separately, UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th.

NuScale Power Stock Performance

The stock’s 50-day moving average price is $20.75 and its 200 day moving average price is $19.08. 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 company has a market cap of $5.28 billion, a P/E ratio of -19.68 and a beta of 1.58.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the 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 completion of the sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at $16,683.48. This represents a 95.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business’s 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 transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 720,682 shares of company stock valued at $12,840,747 in the last quarter. Insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in NuScale Power in the third quarter worth $116,000. Quest Partners LLC raised its stake in shares of NuScale Power by 52.4% in the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company’s stock valued at $173,000 after buying an additional 5,142 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of NuScale Power during the 3rd quarter worth about $175,000. Charles Schwab Investment Management Inc. boosted its position in shares of NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock valued at $7,843,000 after acquiring an additional 460,487 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in NuScale Power in the third quarter valued at about $471,000. Institutional investors and hedge funds 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.