Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) reached a new 52-week low during mid-day trading on Friday after Truist Financial lowered their price target on the stock from $22.00 to $19.00. Truist Financial currently has a hold rating on the stock. Nano Nuclear Energy traded as low as $11.95 and last traded at $12.21, with a volume of 429,574 shares changing hands. The stock had previously closed at $12.53.
Several other equities analysts have also weighed in on the company. New Street Research set a $45.00 price objective on Nano Nuclear Energy in a research note on Thursday, August 13th. Needham & Company LLC initiated coverage on shares of Nano Nuclear Energy in a research report on Monday, September 21st. They set a “buy” rating and a $33.00 target price for the company. Northland Securities set a $37.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, October 15th. Finally, Susquehanna set a $39.00 price objective on shares of Nano Nuclear Energy in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.71.
Check Out Our Latest Report on NNE
Insider Buying and Selling at Nano Nuclear Energy
In related news, CEO James Walker sold 25,000 shares of Nano Nuclear Energy stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $17.77, for a total value of $444,250.00. Following the completion of the sale, the chief executive officer owned 635,000 shares in the company, valued at approximately $11,283,950. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 18.61% of the company’s stock.
Hedge Funds Weigh In On Nano Nuclear Energy
Large investors have recently modified their holdings of the stock. Ascentis Independent Advisors bought a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at approximately $36,000. State of Wyoming acquired a new stake in shares of Nano Nuclear Energy during the 2nd quarter valued at approximately $45,000. C M Bidwell & Associates Ltd. bought a new position in Nano Nuclear Energy during the second quarter worth $55,000. Global Retirement Partners LLC bought a new position in Nano Nuclear Energy during the second quarter worth $68,000. Finally, Nisa Investment Advisors LLC lifted its stake in Nano Nuclear Energy by 131.3% during the third quarter. Nisa Investment Advisors LLC now owns 3,439 shares of the company’s stock worth $55,000 after purchasing an additional 1,952 shares during the last quarter.
Nano Nuclear Energy Price Performance
The stock has a market cap of $649.66 million, a price-to-earnings ratio of -17.48 and a beta of 5.49. The business’s fifty day simple moving average is $16.56 and its 200 day simple moving average is $20.39.
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.07. The business had revenue of $0.21 million during the quarter, compared to the consensus estimate of $0.50 million. As a group, equities analysts forecast that Nano Nuclear Energy Inc. will post -0.80 EPS for the current fiscal year.
Nano Nuclear Energy Company Profile
Nano Nuclear Energy Inc is a development-stage nuclear technology company focused on providing portable, scalable, and carbon-free energy solutions. The company is developing advanced microreactor technologies intended to serve applications that may be difficult or costly to support with conventional power infrastructure, including remote communities, industrial operations, data centers, and defense-related facilities.
Its reactor portfolio includes the ZEUS solid-core battery reactor and the ODIN low-pressure coolant reactor.
Featured Articles
- Five stocks we like better than Nano Nuclear Energy
- Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat
- Capital One Earnings: After a Double Beat the Rally Is On
- Tractor Supply’s Q3 Beat Plants the Seeds for a Stock Rebound
- WD-40 Could Reward Patient Investors—Here’s Why
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.
