Nano Nuclear Energy (NASDAQ:NNE) Now Covered by Alliance Global Partners

Alliance Global Partners assumed coverage on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $46.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Friday, July 17th. Roth Capital assumed coverage on shares of Nano Nuclear Energy in a research report on Wednesday, June 17th. They set a “buy” rating and a $45.00 target price for the company. Wall Street Zen lowered shares of Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Finally, Truist Financial assumed coverage on Nano Nuclear Energy in a research note on Monday, July 13th. They issued a “hold” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.75.

Nano Nuclear Energy Price Performance

NASDAQ NNE opened at $16.79 on Monday. The stock has a market capitalization of $874.42 million, a price-to-earnings ratio of -24.33 and a beta of 5.27. Nano Nuclear Energy has a one year low of $15.44 and a one year high of $60.87. The business’s fifty day moving average is $22.48 and its 200-day moving average is $24.89.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.08. Research analysts expect that Nano Nuclear Energy will post -0.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Florent Heidet sold 3,000 shares of Nano Nuclear Energy stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.95, for a total value of $74,850.00. Following the completion of the transaction, the chief technology officer owned 6,185 shares in the company, valued at $154,315.75. This trade represents a 32.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jiang Yu sold 700,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the chairman directly owned 8,224,000 shares in the company, valued at approximately $219,416,320. This trade represents a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,616,981 shares of company stock worth $43,096,346 in the last ninety days. 32.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its stake in Nano Nuclear Energy by 24.7% in the 4th quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock valued at $77,825,000 after buying an additional 643,070 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Nano Nuclear Energy by 27.4% during the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock worth $54,360,000 after acquiring an additional 486,367 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $66,564,000 after acquiring an additional 1,711,592 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth $38,224,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth $38,224,000.

About Nano Nuclear Energy

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.