Wall Street Zen upgraded shares of Nano Nuclear Energy (NASDAQ:NNE – Free Report) from a strong sell rating to a sell rating in a report released on Saturday morning.
Other equities analysts have also recently issued reports about the company. Truist Financial started coverage on Nano Nuclear Energy in a research note on Monday, July 13th. They set a “hold” rating and a $22.00 price objective on the stock. Northland Securities set a $37.00 target price on shares of Nano Nuclear Energy in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Friday, July 17th. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a report on Thursday. Finally, Roth Capital started coverage on shares of Nano Nuclear Energy in a research report on Wednesday, June 17th. They set a “buy” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.
Check Out Our Latest Research Report on NNE
Nano Nuclear Energy Stock Down 0.4%
Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.07. The company had revenue of $0.21 million for the quarter, compared to analysts’ expectations of $0.50 million. On average, equities research analysts anticipate that Nano Nuclear Energy will post -0.9 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Chairman Jiang Yu sold 700,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the chairman directly owned 8,224,000 shares of the company’s stock, valued at approximately $219,416,320. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James John Walker sold 123,688 shares of Nano Nuclear Energy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.49, for a total value of $3,276,495.12. Following the sale, the chief executive officer owned 555,000 shares in the company, valued at $14,701,950. This trade represents a 18.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $43,096,346 over the last quarter. Corporate insiders own 18.61% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Nano Nuclear Energy by 185.2% during the 1st quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock worth $560,000 after purchasing an additional 13,730 shares during the period. AQR Capital Management LLC bought a new position in Nano Nuclear Energy during the first quarter valued at about $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Nano Nuclear Energy by 535.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock valued at $385,000 after buying an additional 12,256 shares during the period. NewEdge Advisors LLC grew its position in Nano Nuclear Energy by 385.8% during the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after buying an additional 1,520 shares during the period. Finally, Creative Planning purchased a new stake in Nano Nuclear Energy during the second quarter worth about $316,000.
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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