Nano Nuclear Energy Inc. (NASDAQ:NNE) Receives Average Rating of “Moderate Buy” from Brokerages

Nano Nuclear Energy Inc. (NASDAQ:NNE) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $47.00.

A number of research analysts have issued reports on NNE shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th.

Insider Transactions at Nano Nuclear Energy

In other Nano Nuclear Energy news, Director Kenny Joe Yung Yu sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $32.43, for a total transaction of $1,297,200.00. Following the sale, the director owned 15,000 shares of the company’s stock, valued at approximately $486,450. The trade was a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Diane Elizabeth Hare sold 20,000 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $28.70, for a total value of $574,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,936,000 shares of company stock valued at $56,375,077. Corporate insiders own 32.77% of the company’s stock.

Institutional Trading of Nano Nuclear Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Nano Nuclear Energy by 165.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after buying an additional 835 shares during the period. Archer Investment Corp bought a new position in shares of Nano Nuclear Energy during the third quarter worth about $39,000. Tripletail Wealth Management LLC acquired a new position in shares of Nano Nuclear Energy in the third quarter worth approximately $43,000. US Bancorp DE boosted its holdings in Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after acquiring an additional 400 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Nano Nuclear Energy in the third quarter valued at approximately $48,000.

Nano Nuclear Energy Price Performance

NASDAQ NNE opened at $34.73 on Monday. The business has a fifty day moving average price of $32.08 and a two-hundred day moving average price of $36.41. The stock has a market capitalization of $1.75 billion, a PE ratio of -33.39 and a beta of 7.48. Nano Nuclear Energy has a fifty-two week low of $17.26 and a fifty-two week high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.14. As a group, sell-side analysts expect that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.