Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report)’s stock price was down 3.5% during mid-day trading on Thursday . The company traded as low as $19.65 and last traded at $20.03. 3,082,305 shares were traded during mid-day trading, an increase of 32% from the average session volume of 2,327,359 shares. The stock had previously closed at $20.75.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on NNE shares. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Roth Mkm assumed coverage on Nano Nuclear Energy in a research note on Wednesday, June 17th. They issued a “buy” rating and a $45.00 price target on the stock. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.
Get Our Latest Report on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.95 EPS for the current fiscal year.
Insider Transactions at Nano Nuclear Energy
In related news, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total value of $18,676,000.00. Following the completion of the transaction, the insider directly owned 8,224,000 shares of the company’s stock, valued at $219,416,320. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jaisun Garcha sold 37,215 shares of Nano Nuclear Energy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.48, for a total value of $985,453.20. Following the transaction, the chief financial officer directly owned 345,000 shares of the company’s stock, valued at approximately $9,135,600. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,616,981 shares of company stock worth $43,096,346 over the last ninety days. 32.77% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Nano Nuclear Energy
A number of large investors have recently added to or reduced their stakes in NNE. US Bancorp DE increased its holdings in 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 acquiring an additional 400 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Nano Nuclear Energy by 275.7% in the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 863 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $48,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of 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 valued at $32,000 after purchasing an additional 835 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of Nano Nuclear Energy during the 1st quarter worth approximately $36,000.
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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