Brokerages Set Nano Nuclear Energy Inc. (NASDAQ:NNE) PT at $47.00

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $47.00.

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd.

Nano Nuclear Energy Stock Down 1.5%

NASDAQ NNE opened at $34.55 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 market cap of $1.74 billion, a price-to-earnings ratio of -33.22 and a beta of 7.48. The business’s fifty day moving average is $32.22 and its 200 day moving average is $36.38.

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

Insider Buying and Selling

In other Nano Nuclear Energy news, Director Kenny Joe Yung Yu sold 40,000 shares of Nano Nuclear Energy stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $32.43, for a total transaction of $1,297,200.00. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at approximately $486,450. The trade was a 72.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James John Walker sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the sale, the chief executive officer owned 275,000 shares in the company, valued at $8,283,000. This trade represents a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,936,000 shares of company stock valued at $56,375,077 over the last quarter. 32.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nano Nuclear Energy

Hedge funds have recently made changes to their positions in the stock. Archer Investment Corp acquired a new stake in Nano Nuclear Energy during the 3rd quarter worth about $39,000. Tripletail Wealth Management LLC bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $43,000. US Bancorp DE boosted its position in shares of Nano Nuclear Energy by 51.9% during the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Nano Nuclear Energy during the third quarter worth approximately $48,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Nano Nuclear Energy by 165.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after purchasing an additional 835 shares in the last quarter.

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.