Nano Nuclear Energy (NASDAQ:NNE) Director Diane Elizabeth Hare Sells 20,000 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Diane Elizabeth Hare sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $28.70, for a total transaction of $574,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Diane Elizabeth Hare also recently made the following trade(s):

• On Tuesday, December 23rd, Diane Elizabeth Hare sold 20,000 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $32.43, for a total transaction of $648,600.00.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded up $0.97 during mid-day trading on Tuesday, hitting $31.92. The stock had a trading volume of 2,468,593 shares, compared to its average volume of 2,741,471. The company’s 50 day moving average is $34.05 and its 200-day moving average is $36.51. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87. The company has a market cap of $1.61 billion, a PE ratio of -30.69 and a beta of 7.48.

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

Wall Street Analyst Weigh In

NNE has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Nano Nuclear Energy has an average rating of “Moderate Buy” and an average target price of $47.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Archer Investment Corp acquired a new position in Nano Nuclear Energy in the 3rd quarter worth about $39,000. Tripletail Wealth Management LLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $43,000. US Bancorp DE increased its holdings in Nano Nuclear Energy by 51.9% in 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 during 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, NewEdge Advisors LLC raised its position in Nano Nuclear Energy by 385.8% during the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after acquiring an additional 1,520 shares in the last quarter.

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.