Nano Nuclear Energy Inc. $NNE Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its position in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 346,123 shares of the company’s stock after buying an additional 47,960 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.69% of Nano Nuclear Energy worth $8,310,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Archer Investment Corp acquired a new position in Nano Nuclear Energy in the 3rd quarter valued at about $39,000. Tripletail Wealth Management LLC acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth about $43,000. US Bancorp DE lifted its position in shares of Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Nano Nuclear Energy in the third quarter valued at approximately $48,000. Finally, Total Investment Management Inc. purchased a new position in shares of Nano Nuclear Energy in the second quarter valued at approximately $60,000.

Insider Buying and Selling

In related news, Chairman Jiang Yu sold 766,661 shares of Nano Nuclear Energy stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $34.14, for a total value of $26,173,806.54. Following the completion of the transaction, the chairman owned 8,724,000 shares in the company, valued at $297,837,360. The trade was a 8.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James John Walker sold 195,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $34.04, for a total transaction of $6,637,800.00. Following the completion of the sale, the chief executive officer directly owned 250,000 shares in the company, valued at approximately $8,510,000. This represents a 43.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,069,664 shares of company stock valued at $69,926,176 over the last ninety days. 32.77% of the stock is currently owned by corporate insiders.

Nano Nuclear Energy Price Performance

NNE stock opened at $20.29 on Monday. The firm has a market capitalization of $1.06 billion, a P/E ratio of -18.79 and a beta of 7.58. The business’s 50-day moving average is $26.58 and its two-hundred day moving average is $33.61. Nano Nuclear Energy Inc. has a 1 year low of $17.26 and a 1 year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Tuesday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.19. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

NNE has been the subject of a number of research reports. Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Finally, Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.

Nano Nuclear Energy 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.