Nano Nuclear Energy Inc. (NASDAQ:NNE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) have received an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.00.

Several brokerages recently commented on NNE. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday.

Insider Buying and Selling at Nano Nuclear Energy

In related news, major shareholder I Financial Ventures Group Llc sold 378,474 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $30.14, for a total transaction of $11,407,206.36. Following the transaction, the insider directly owned 9,621,526 shares of the company’s stock, valued at $289,992,793.64. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tsun Yee Law sold 55,000 shares of Nano Nuclear Energy stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $32.43, for a total transaction of $1,783,650.00. Following the completion of the sale, the director directly owned 75,000 shares of the company’s stock, valued at approximately $2,432,250. This trade represents a 42.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,936,000 shares of company stock valued at $56,375,077 over the last 90 days. Insiders own 32.77% of the company’s stock.

Institutional Trading of Nano Nuclear Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in Nano Nuclear Energy by 165.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after buying an additional 835 shares during the period. Archer Investment Corp bought a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $39,000. Tripletail Wealth Management LLC bought a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $43,000. US Bancorp DE raised 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 during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth $48,000.

Nano Nuclear Energy Stock Down 3.8%

NNE opened at $34.73 on Monday. Nano Nuclear Energy has a twelve month low of $17.26 and a twelve month high of $60.87. The company has a fifty day moving average of $32.08 and a 200-day moving average of $36.41. The stock has a market cap of $1.75 billion, a PE ratio of -33.39 and a beta of 7.48.

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

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.