Nano Nuclear Energy (NASDAQ:NNE) Director Diane Elizabeth Hare Sells 3,428 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNEGet Free Report) Director Diane Elizabeth Hare sold 3,428 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $26.64, for a total transaction of $91,321.92. Following the transaction, the director owned 3,428 shares of the company’s stock, valued at approximately $91,321.92. The trade was a 50.00% decrease in their position. The transaction 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.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ NNE traded down $2.60 during midday trading on Friday, reaching $23.56. The stock had a trading volume of 3,839,828 shares, compared to its average volume of 2,182,100. The company’s 50 day moving average price is $24.62 and its 200 day moving average price is $27.64. Nano Nuclear Energy Inc. has a twelve month low of $18.93 and a twelve month high of $60.87. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05.

Nano Nuclear Energy (NASDAQ:NNEGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.08. Equities analysts forecast that Nano Nuclear Energy Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NNE shares. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Check Out Our Latest Analysis on NNE

Institutional Trading of Nano Nuclear Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of NNE. Vanguard Group Inc. grew its holdings in shares of Nano Nuclear Energy by 27.4% during the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after buying an additional 486,367 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Nano Nuclear Energy by 441.3% during the 3rd 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 in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Nano Nuclear Energy by 65.7% in the third quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after purchasing an additional 1,030,262 shares in the last quarter. UBS Group AG lifted its holdings in shares of Nano Nuclear Energy by 135.7% in the fourth quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock valued at $27,805,000 after purchasing an additional 666,722 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $1,347,000.

About Nano Nuclear Energy

(Get Free Report)

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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Insider Buying and Selling by Quarter for Nano Nuclear Energy (NASDAQ:NNE)

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