Nano Nuclear Energy (NASDAQ:NNE) Upgraded at Texas Capital

Texas Capital upgraded shares of Nano Nuclear Energy (NASDAQ:NNE) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

A number of other research firms also recently weighed in on NNE. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nano Nuclear Energy has an average rating of “Moderate Buy” and an average price target of $47.00.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $32.11 on Tuesday. The firm has a market capitalization of $1.62 billion, a PE ratio of -30.88 and a beta of 7.48. Nano Nuclear Energy has a 52-week low of $17.26 and a 52-week high of $60.87. The firm has a fifty day moving average of $32.28 and a 200 day moving average of $36.36.

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, topping the consensus estimate of ($0.33) by $0.14. On average, sell-side analysts forecast that Nano Nuclear Energy will post -0.92 EPS for the current fiscal year.

Insider Buying and Selling at Nano Nuclear Energy

In other Nano Nuclear Energy news, Director Tsun Yee Law sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $32.43, for a total value of $1,783,650.00. Following the completion of the sale, the director owned 75,000 shares in the company, valued at approximately $2,432,250. The trade was a 42.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James John Walker sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the chief executive officer directly owned 275,000 shares of the company’s stock, valued at approximately $8,283,000. This trade represents a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,936,000 shares of company stock worth $56,375,077 over the last quarter. Company insiders own 32.77% of the company’s stock.

Institutional Investors Weigh In On Nano Nuclear Energy

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Nano Nuclear Energy by 11,676.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after acquiring an additional 1,711,592 shares during the last quarter. Van ECK Associates Corp increased its holdings in Nano Nuclear Energy by 65.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after purchasing an additional 1,030,262 shares during the period. Hood River Capital Management LLC purchased a new position in Nano Nuclear Energy during the 2nd quarter valued at about $31,935,000. UBS Group AG raised its position in Nano Nuclear Energy by 135.7% during the 4th quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock valued at $27,805,000 after purchasing an additional 666,722 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Nano Nuclear Energy by 40.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock worth $68,547,000 after buying an additional 516,129 shares during the period.

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.