Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) CFO Jaisun Garcha sold 37,215 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the completion of the sale, the chief financial officer owned 345,000 shares of the company’s stock, valued at $9,135,600. The trade was a 9.74% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nano Nuclear Energy Stock Down 9.9%
NASDAQ NNE opened at $23.56 on Friday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a twelve month low of $18.93 and a twelve month high of $60.87. The stock has a fifty day simple moving average of $24.65 and a 200 day simple moving average of $27.62.
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. Research analysts expect that Nano Nuclear Energy Inc. will post -1.02 earnings per share for the current fiscal year.
More Nano Nuclear Energy News
- Positive Sentiment: NNE has recently caught a bid from sector momentum after EPA Chief Lee Zeldin highlighted nuclear power and small modular reactor buildout as an area of optimism for U.S. energy policy. Article Title
- Neutral Sentiment: Investor attention remains elevated around the stock’s volatility, with recent commentary noting strong month-over-month gains but uneven performance over longer periods. Article Title
- Negative Sentiment: Multiple insiders disclosed significant share sales, including CEO James John Walker, chairman Jiang Yu, CFO Jaisun Garcha, and directors Seth Jason Berl and Diane Elizabeth Hare, which can signal caution and often weighs on sentiment. The largest transaction was a 700,000-share sale by a major shareholder/insider tied to Jiang Yu at about $26.68 per share. Article Title Article Title Article Title Article Title Article Title Article Title Article Title
Analysts Set New Price Targets
A number of analysts recently weighed in on NNE shares. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.
Read Our Latest Stock Report on Nano Nuclear Energy
Institutional Trading of Nano Nuclear Energy
A number of institutional investors have recently bought and sold shares of NNE. Royal Bank of Canada boosted its position in Nano Nuclear Energy by 185.2% during the first quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock valued at $560,000 after acquiring an additional 13,730 shares during the last quarter. AQR Capital Management LLC bought a new stake in Nano Nuclear Energy during the first quarter valued at $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Nano Nuclear Energy by 535.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock valued at $385,000 after acquiring an additional 12,256 shares during the last quarter. NewEdge Advisors LLC boosted 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 during the last quarter. Finally, Creative Planning bought a new stake in Nano Nuclear Energy during the second quarter valued at $316,000.
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.
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