NuScale Power (NYSE:SMR) Stock Price Down 1.3% – Should You Sell?

Shares of NuScale Power Corporation (NYSE:SMR) dropped 1.3% on Tuesday . The company traded as low as $20.62 and last traded at $21.2860. Approximately 16,134,645 shares traded hands during trading, an increase of 8% from the average daily volume of 14,971,971 shares. The stock had previously closed at $21.56.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group set a $20.00 target price on shares of NuScale Power in a report on Tuesday, November 25th. BNP Paribas Exane downgraded NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. Bank of America reissued an “underperform” rating and set a $34.00 price objective (down previously from $38.00) on shares of NuScale Power in a research note on Tuesday, September 30th. Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research cut NuScale Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $36.12.

NuScale Power Price Performance

The company has a 50 day simple moving average of $31.30 and a 200-day simple moving average of $36.19. The stock has a market cap of $6.33 billion, a P/E ratio of -7.42 and a beta of 2.09.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.74). The firm had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. NuScale Power’s revenue for the quarter was up 1635.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.18) earnings per share. As a group, research analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 2,372,563 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $43.99, for a total value of $104,369,046.37. Following the completion of the sale, the director directly owned 10,085,344 shares in the company, valued at approximately $443,654,282.56. The trade was a 19.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 15,040,000 shares of company stock worth $605,749,702 over the last quarter. Company insiders own 1.20% of the company’s stock.

Institutional Trading of NuScale Power

Large investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. purchased a new stake in NuScale Power during the 3rd quarter valued at $155,616,000. Samsung C&T Corp boosted its position in NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after purchasing an additional 2,578,702 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NuScale Power by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,287,814 shares of the company’s stock valued at $190,362,000 after purchasing an additional 2,125,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of NuScale Power during the 3rd quarter valued at about $51,985,000. Institutional investors 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.