Insider Selling: Nano Nuclear Energy (NASDAQ:NNE) Director Sells $574,000.00 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Diane Elizabeth Hare sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $28.70, for a total transaction of $574,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Diane Elizabeth Hare also recently made the following trade(s):

• On Tuesday, December 23rd, Diane Elizabeth Hare sold 20,000 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $32.43, for a total transaction of $648,600.00.

Nano Nuclear Energy Price Performance

NASDAQ NNE opened at $33.05 on Friday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -31.78 and a beta of 7.48. Nano Nuclear Energy Inc. has a 1-year low of $17.26 and a 1-year high of $60.87. The business’s fifty day moving average price is $33.20 and its 200-day moving average price is $36.41.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, December 18th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.14. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Nano Nuclear Energy presently has an average rating of “Moderate Buy” and an average price target of $47.00.

Institutional Trading of Nano Nuclear Energy

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Nano Nuclear Energy by 441.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,009 shares of the company’s stock worth $2,854,000 after buying an additional 60,336 shares during the period. IFP Advisors Inc lifted its holdings in shares of Nano Nuclear Energy by 102.1% in the third quarter. IFP Advisors Inc now owns 8,342 shares of the company’s stock worth $322,000 after buying an additional 4,214 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at $48,000. NewEdge Advisors LLC increased its holdings in shares of Nano Nuclear Energy by 6.5% in the third quarter. NewEdge Advisors LLC now owns 63,377 shares of the company’s stock worth $2,444,000 after purchasing an additional 3,882 shares during the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of Nano Nuclear Energy in the third quarter worth about $1,113,000.

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.