Analysts Set Nano Nuclear Energy Inc. (NASDAQ:NNE) PT at $47.00

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $47.00.

Several equities research analysts have weighed in on NNE shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd. Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th.

Insiders Place Their Bets

In other Nano Nuclear Energy news, CEO James John Walker sold 195,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $34.04, for a total value of $6,637,800.00. Following the completion of the transaction, the chief executive officer owned 250,000 shares of the company’s stock, valued at approximately $8,510,000. This trade represents a 43.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Jiang Yu sold 766,661 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $34.14, for a total transaction of $26,173,806.54. Following the sale, the chairman directly owned 8,724,000 shares in the company, valued at $297,837,360. This trade represents a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 3,985,664 shares of company stock valued at $125,727,253. Insiders own 32.77% of the company’s stock.

Institutional Trading of Nano Nuclear Energy

Several large investors have recently added to or reduced their stakes in NNE. Harbour Investments Inc. increased its holdings in shares of Nano Nuclear Energy by 275.7% in the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 863 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nano Nuclear Energy by 165.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after purchasing an additional 835 shares during the period. Archer Investment Corp purchased a new stake in Nano Nuclear Energy in the third quarter valued at approximately $39,000. Tripletail Wealth Management LLC acquired a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $43,000. Finally, US Bancorp DE increased its holdings in Nano Nuclear Energy by 51.9% in the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after buying an additional 400 shares during the period.

Nano Nuclear Energy Price Performance

Nano Nuclear Energy stock opened at $21.01 on Tuesday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -19.45 and a beta of 7.59. Nano Nuclear Energy has a 1-year low of $17.26 and a 1-year high of $60.87. The business has a fifty day moving average price of $28.05 and a 200-day moving average price of $34.03.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Tuesday, February 17th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.19. On average, equities research analysts anticipate that Nano Nuclear Energy will post -0.92 earnings per share for the current fiscal 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.