Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) were down 5% during mid-day trading on Friday . The company traded as low as $16.52 and last traded at $16.49. 1,780,074 shares changed hands during trading, a decline of 19% from the average daily volume of 2,208,825 shares. The stock had previously closed at $17.36.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on NNE. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Friday, July 17th. Alliance Global Partners started coverage on shares of Nano Nuclear Energy in a research report on Monday, July 27th. They set a “buy” rating and a $46.00 price objective for the company. Roth Capital began coverage on shares of Nano Nuclear Energy in a research note on Wednesday, June 17th. They issued a “buy” rating and a $45.00 target price for the company. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research report on Thursday, August 13th. Finally, Northland Securities set a $37.00 price target on Nano Nuclear Energy in a research note on Friday, August 14th. One research 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 assigned a Sell rating to the stock. According to MarketBeat, Nano Nuclear Energy has an average rating of “Moderate Buy” and an average price target of $39.00.
Get Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Down 5.4%
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.07. The company had revenue of $0.21 million for the quarter, compared to analyst estimates of $0.50 million. Analysts predict that Nano Nuclear Energy Inc. will post -0.8 EPS for the current fiscal year.
Insider Buying and Selling
In other Nano Nuclear Energy news, CEO James Walker sold 25,000 shares of the company’s stock in a transaction on 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 in the company, valued at $11,283,950. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.61% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Nano Nuclear Energy in the 2nd quarter valued at about $73,826,000. Vanguard Group Inc. raised its stake in shares of Nano Nuclear Energy by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock worth $54,360,000 after acquiring an additional 486,367 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Nano Nuclear Energy by 26.9% during the second quarter. Van ECK Associates Corp now owns 3,819,847 shares of the company’s stock worth $80,752,000 after purchasing an additional 810,022 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Nano Nuclear Energy by 1,769.6% during the first quarter. Lido Advisors LLC now owns 171,932 shares of the company’s stock worth $3,521,000 after purchasing an additional 162,736 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Nano Nuclear Energy during the second quarter worth approximately $2,814,000.
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.
Featured Articles
- Five stocks we like better than Nano Nuclear Energy
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
Receive News & Ratings for Nano Nuclear Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nano Nuclear Energy and related companies with MarketBeat.com's FREE daily email newsletter.
