Nano Nuclear Energy (NASDAQ:NNE) CEO Sells $444,250.00 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CEO James Walker sold 25,000 shares of Nano Nuclear Energy stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $17.77, for a total value of $444,250.00. Following the sale, the chief executive officer directly owned 635,000 shares of the company’s stock, valued at $11,283,950. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Stock Performance

NASDAQ NNE traded up $0.06 during trading hours on Thursday, reaching $17.65. The stock had a trading volume of 1,278,601 shares, compared to its average volume of 2,223,511. Nano Nuclear Energy Inc. has a 52-week low of $14.71 and a 52-week high of $60.87. The stock has a fifty day moving average of $18.36 and a 200 day moving average of $22.36. The stock has a market cap of $947.80 million, a P/E ratio of -25.58 and a beta of 5.41.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.07. The business had revenue of $0.21 million for the quarter, compared to analysts’ expectations of $0.50 million. On average, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.8 EPS for the current year.

Analysts Set New Price Targets

NNE has been the subject of a number of research reports. Roth Capital began coverage on shares of Nano Nuclear Energy in a research report on Wednesday, June 17th. They set a “buy” rating and a $45.00 target price for the company. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Alliance Global Partners began coverage on Nano Nuclear Energy in a research note on Monday, July 27th. They set a “buy” rating and a $46.00 price objective for the company. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Thursday, August 13th. Finally, Northland Securities set a $37.00 target price on Nano Nuclear Energy in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Institutional Trading of Nano Nuclear Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Nano Nuclear Energy in the 2nd quarter worth about $73,826,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Nano Nuclear Energy by 11,676.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock worth $66,564,000 after buying an additional 1,711,592 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $38,224,000. Ghisallo Capital Management LLC purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $38,224,000. Finally, Regal Partners Ltd purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $23,535,000.

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.