NuScale Power (NYSE:SMR) Trading 2.1% Higher – Still a Buy?

Shares of NuScale Power Co. (NYSE:SMR) were up 2.1% during trading on Thursday . The company traded as high as $19.06 and last traded at $18.92. Approximately 2,519,947 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 8,237,132 shares. The stock had previously closed at $18.53.

Wall Street Analysts Forecast Growth

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

NuScale Power Stock Performance

The firm has a market cap of $5.11 billion, a price-to-earnings ratio of -19.06 and a beta of 1.58. The stock’s fifty day moving average is $20.68 and its two-hundred day moving average is $19.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction 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 transaction, 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. Over the last 90 days, insiders have sold 720,682 shares of company stock worth $12,840,747. 1.96% of the stock is owned by company insiders.

Institutional Trading of NuScale Power

A number of institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC acquired a new position in shares of NuScale Power during the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC increased its position in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its stake 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 buying an additional 1,800 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of NuScale Power in the fourth quarter valued at $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power during the third quarter valued at about $44,000. 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.