Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) was down 2.2% on Friday . The stock traded as low as $18.57 and last traded at $18.86. Approximately 1,386,720 shares changed hands during trading, a decline of 40% from the average session volume of 2,318,862 shares. The stock had previously closed at $19.29.
Analyst Ratings Changes
NNE has been the subject of several recent research reports. Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 24th. Roth Capital initiated coverage on shares of Nano Nuclear Energy in a research note on Wednesday, June 17th. They set a “buy” rating and a $45.00 target price on the stock. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.50.
Check Out Our Latest Report on NNE
Nano Nuclear Energy Price Performance
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last posted its quarterly earnings results 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. As a group, analysts forecast that Nano Nuclear Energy Inc. will post -0.95 earnings per share for the current year.
Insider Buying and Selling at Nano Nuclear Energy
In related news, Director Seth Jason Berl sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.92, for a total transaction of $93,450.00. Following the completion of the sale, the director owned 7,586 shares in the company, valued at $189,043.12. The trade was a 33.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jiang Yu sold 700,000 shares of the business’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 sale, the chairman owned 8,224,000 shares of the company’s stock, valued at approximately $219,416,320. The trade was a 7.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,616,981 shares of company stock worth $43,096,346. 32.77% of the stock is currently owned by corporate insiders.
Institutional Trading of Nano Nuclear Energy
Several institutional investors have recently modified their holdings of NNE. Vanguard Group Inc. lifted its position in Nano Nuclear Energy by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after acquiring an additional 486,367 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Nano Nuclear Energy by 441.3% during the third quarter. JPMorgan Chase & Co. now owns 74,009 shares of the company’s stock worth $2,854,000 after purchasing an additional 60,336 shares during the last quarter. UBS Group AG grew its holdings in shares of Nano Nuclear Energy by 135.7% during the fourth quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock worth $27,805,000 after purchasing an additional 666,722 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Nano Nuclear Energy by 16.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 346,123 shares of the company’s stock worth $8,310,000 after purchasing an additional 47,960 shares in the last quarter. Finally, Private Wealth Partners LLC increased its position in shares of Nano Nuclear Energy by 191.6% during the first quarter. Private Wealth Partners LLC now owns 38,200 shares of the company’s stock worth $782,000 after purchasing an additional 25,100 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.
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