Nano Nuclear Energy (NASDAQ:NNE) Upgraded by Wall Street Zen to “Sell” Rating

Nano Nuclear Energy (NASDAQ:NNE) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Monday.

Several other research firms have also commented on NNE. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Nano Nuclear Energy Price Performance

Shares of NNE opened at $23.56 on Monday. Nano Nuclear Energy has a 1-year low of $18.93 and a 1-year high of $60.87. The firm has a 50-day simple moving average of $24.65 and a two-hundred day simple moving average of $27.59. The stock has a market cap of $1.23 billion, a PE ratio of -34.14 and a beta of 5.05.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. As a group, sell-side analysts expect that Nano Nuclear Energy will post -1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jaisun Garcha sold 37,215 shares of Nano Nuclear Energy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the transaction, the chief financial officer directly owned 345,000 shares in the company, valued at $9,135,600. This trade represents a 9.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.92, for a total transaction of $93,450.00. Following the completion of the transaction, the director directly owned 7,586 shares in the company, valued at $189,043.12. This represents a 33.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,616,981 shares of company stock valued at $43,096,346. 32.77% of the stock is owned by company insiders.

Institutional Trading of Nano Nuclear Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Nano Nuclear Energy by 24.7% during the fourth quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock worth $77,825,000 after acquiring an additional 643,070 shares during the period. Vanguard Group Inc. lifted its position in Nano Nuclear Energy by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after purchasing an additional 486,367 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Nano Nuclear Energy by 11,676.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,711,592 shares during the period. Weiss Asset Management LP purchased a new stake in Nano Nuclear Energy in the 4th quarter valued at approximately $38,224,000. Finally, Ghisallo Capital Management LLC purchased a new stake in Nano Nuclear Energy in the 4th quarter valued at approximately $38,224,000.

Nano Nuclear Energy News Summary

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: NNE has recently caught a bid from sector momentum after EPA Chief Lee Zeldin highlighted nuclear power and small modular reactor buildout as an area of optimism for U.S. energy policy. Article Title
• Neutral Sentiment: Investor attention remains elevated around the stock’s volatility, with recent commentary noting strong month-over-month gains but uneven performance over longer periods. Article Title
• Negative Sentiment: Multiple insiders disclosed significant share sales, including CEO James John Walker, chairman Jiang Yu, CFO Jaisun Garcha, and directors Seth Jason Berl and Diane Elizabeth Hare, which can signal caution and often weighs on sentiment. The largest transaction was a 700,000-share sale by a major shareholder/insider tied to Jiang Yu at about $26.68 per share. Article Title Article Title Article Title Article Title Article Title Article Title Article Title

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.