Brokerages Set Nano Nuclear Energy Inc. (NASDAQ:NNE) Target Price at $47.00

Nano Nuclear Energy Inc. (NASDAQ:NNEGet Free Report) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $47.00.

Several equities analysts have weighed in on the company. Texas Capital raised Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd.

Get Our Latest Report on Nano Nuclear Energy

Insider Activity at Nano Nuclear Energy

In other news, Chairman Jiang Yu sold 121,339 shares of Nano Nuclear Energy stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $31.78, for a total transaction of $3,856,153.42. Following the completion of the sale, the chairman directly owned 8,724,000 shares in the company, valued at $277,248,720. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Diane Elizabeth Hare sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $28.70, for a total transaction of $574,000.00. The SEC filing for this sale provides additional information. Insiders sold 3,982,000 shares of company stock worth $125,625,797 over the last three months. Company insiders own 32.77% of the company’s stock.

Institutional Investors Weigh In On Nano Nuclear Energy

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in Nano Nuclear Energy by 24.7% during the fourth quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock worth $77,825,000 after purchasing an additional 643,070 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Nano Nuclear Energy by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after purchasing an additional 486,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Nano Nuclear Energy by 11,676.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after buying an additional 1,711,592 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $38,224,000. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth $38,224,000.

Nano Nuclear Energy News Roundup

Here are the key news stories impacting Nano Nuclear Energy this week:

Nano Nuclear Energy Trading Down 4.1%

Shares of NNE opened at $24.60 on Friday. Nano Nuclear Energy has a 12-month low of $17.26 and a 12-month high of $60.87. The stock has a market cap of $1.28 billion, a P/E ratio of -22.78 and a beta of 7.47. The company has a 50-day moving average of $30.04 and a two-hundred day moving average of $35.22.

Nano Nuclear Energy (NASDAQ:NNEGet Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.19. As a group, analysts forecast that Nano Nuclear Energy will post -0.92 EPS for the current fiscal year.

About Nano Nuclear Energy

(Get Free Report)

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.

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Analyst Recommendations for Nano Nuclear Energy (NASDAQ:NNE)

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