NuScale Power Shares Increase: Is It Time to Buy?

NuScale Power Co. (NYSE:SMR) saw its stock rise by 0.7% on Tuesday, reaching a peak price of $16.07 before settling at $15.56. During the trading session, a total of 6,169,042 shares exchanged hands, which is a significant drop of 48% compared to the average volume of 11,815,134 shares. The previous closing price was $15.45.

Analyzing NuScale Power's Stock Performance

The company's stock price sits below its moving averages, with a 50-day moving average at $21.60 and a 200-day moving average at $18.48. Financially, NuScale Power has a market capitalization of $4.39 billion, a debt-to-equity ratio of 0.26, and a current ratio both of 2.24 and a quick ratio of 2.24. Additionally, the stock has a price-to-earnings (PE) ratio of -18.09 and a beta of 1.51, indicating its volatility relative to the overall market.

Insider Trading Activity

In recent developments, CEO John Lawrence Hopkins sold 664,568 shares at an average price of $18.04 on January 2nd. This transaction resulted in a total value of $11,988,806.72. Following this sale, he retains ownership of 34,675 shares, which is valued at approximately $625,537, showing a significant reduction of 95.04% in his holdings. The insider ownership stands at only 1.96% of the total shares.

Institutional Investor Interest in NuScale Power

Several institutional investors have adjusted their positions in NuScale Power recently. For instance, CoreCap Advisors LLC acquired a new position worth about $33,000 in the fourth quarter. Venturi Wealth Management LLC increased its stake by 313.8%, bringing their total ownership to 1,978 shares valued at $35,000. Likewise, Toth Financial Advisory Corp boosted its holdings by 600.0%, now owning 2,100 shares worth $38,000. Meanwhile, Twin Tree Management LP and Zurcher Kantonalbank also made new investments, valued at $42,000 and $44,000 respectively. Collectively, institutional investors control about 78.37% of the company’s stock.

About NuScale Power Corporation

NuScale Power Corporation specializes in the development and sale of innovative modular light water reactor nuclear power plants. These facilities provide energy for electricity generation, district heating, desalination, hydrogen production, and other thermal applications. The company is known for its NuScale Power Module (NPM), capable of generating 77 megawatts of electricity (MWe), and offers the VOYGR power plant designs that can accommodate one to twelve NPMs, depending on the facility size.

Investment Considerations

Currently, NuScale Power holds a Moderate Buy rating from analysts; however, they have identified alternative investment opportunities that might yield better returns. Investors are advised to assess their options carefully before making any decisions.

NuScale, Stocks, Investment