Jiang Yu Sells 176,457 Shares of Nano Nuclear Energy (NASDAQ:NNE) Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Chairman Jiang Yu sold 176,457 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $27.03, for a total transaction of $4,769,632.71. Following the transaction, the chairman directly owned 9,112,000 shares of the company’s stock, valued at $246,297,360. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jiang Yu also recently made the following trade(s):

• On Friday, December 26th, Jiang Yu sold 333,069 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $28.47, for a total transaction of $9,482,474.43.
• On Wednesday, December 24th, Jiang Yu sold 378,474 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $30.14, for a total transaction of $11,407,206.36.

Nano Nuclear Energy Price Performance

Shares of NASDAQ NNE traded down $1.53 during midday trading on Tuesday, hitting $24.89. 2,906,816 shares of the company’s stock were exchanged, compared to its average volume of 3,585,106. The stock’s 50 day moving average price is $35.65 and its 200-day moving average price is $36.82. The firm has a market cap of $1.26 billion, a P/E ratio of -23.93 and a beta of 7.19. Nano Nuclear Energy Inc. has a twelve month low of $17.26 and a twelve month high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Thursday, December 18th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.14. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NNE shares. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Hedge Funds Weigh In On Nano Nuclear Energy

Large investors have recently made changes to their positions in the business. Archer Investment Corp acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $39,000. Tripletail Wealth Management LLC bought a new stake in Nano Nuclear Energy during the third quarter worth approximately $43,000. US Bancorp DE boosted its holdings in 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 buying an additional 400 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Nano Nuclear Energy in the third quarter worth approximately $48,000. Finally, Total Investment Management Inc. acquired a new position in Nano Nuclear Energy in the second quarter worth approximately $60,000.

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.