What is HC Wainwright’s Estimate for NNE FY2030 Earnings?

Nano Nuclear Energy Inc. (NASDAQ:NNE) – Research analysts at HC Wainwright issued their FY2030 earnings estimates for shares of Nano Nuclear Energy in a note issued to investors on Friday, December 19th. HC Wainwright analyst S. Joshi forecasts that the company will post earnings of ($3.32) per share for the year. The consensus estimate for Nano Nuclear Energy’s current full-year earnings is ($0.92) per share.

Nano Nuclear Energy (NASDAQ:NNE) last announced 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.

NNE has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a report on Friday. Finally, BTIG Research initiated coverage on Nano Nuclear Energy in a research report on Thursday, August 28th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.

Nano Nuclear Energy Price Performance

NNE opened at $31.75 on Monday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -30.53 and a beta of 7.17. The business’s 50-day moving average price is $37.24 and its two-hundred day moving average price is $36.91. Nano Nuclear Energy has a 1 year low of $17.26 and a 1 year high of $60.87.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Nano Nuclear Energy by 11,676.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after buying an additional 1,711,592 shares during the last quarter. Van ECK Associates Corp lifted its position in Nano Nuclear Energy by 65.7% during the third quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock worth $100,190,000 after acquiring an additional 1,030,262 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of Nano Nuclear Energy during the second quarter worth approximately $31,935,000. Vanguard Group Inc. boosted its holdings in shares of Nano Nuclear Energy by 40.9% during the third quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock worth $68,547,000 after acquiring an additional 516,129 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Nano Nuclear Energy in the second quarter valued at approximately $6,269,000.

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.