NuScale Power (NYSE:SMR) Trading Down 3.9% – Should You Sell?

NuScale Power Co. (NYSE:SMR)’s share price fell 3.9% on Wednesday . The stock traded as low as $16.44 and last traded at $16.56. 3,555,255 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 11,865,945 shares. The stock had previously closed at $17.23.

NuScale Power Trading Up 0.4 %

The company has a market cap of $4.42 billion, a P/E ratio of -18.21 and a beta of 1.51. 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’s 50 day moving average is $21.53 and its two-hundred day moving average is $18.54.

Insider Transactions at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction dated Thursday, January 2nd. The stock was 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 directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. acquired a new position in shares of NuScale Power during the 4th quarter valued at $324,000. Glen Eagle Advisors LLC bought a new stake in NuScale Power in the fourth quarter valued at $208,000. Voloridge Investment Management LLC acquired a new position in shares of NuScale Power during the fourth quarter valued at about $1,766,000. Two Sigma Advisers LP bought a new position in shares of NuScale Power during the 4th quarter worth about $2,018,000. Finally, Two Sigma Investments LP grew its stake in shares of NuScale Power by 60.2% in the 4th quarter. Two Sigma Investments LP now owns 487,037 shares of the company’s stock valued at $8,733,000 after buying an additional 182,928 shares during the period. Institutional investors and hedge funds 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.