Nano Nuclear Energy Inc. (NASDAQ:NNE) Stock Has Average Price Target of $38.14 According to Analysts

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.14.

A number of equities research analysts have commented on the company. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Thursday, August 13th. Truist Financial initiated coverage on Nano Nuclear Energy in a research note on Monday, July 13th. They issued a “hold” rating and a $22.00 price objective for the company. Needham & Company LLC began coverage on 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. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, New Street Research set a $45.00 price target on Nano Nuclear Energy in a research note on Thursday, August 13th.

View Our Latest Stock Report on Nano Nuclear Energy

Insider Activity

In other news, CEO James Walker sold 25,000 shares of the business’s 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 transaction, the chief executive officer owned 635,000 shares of the company’s stock, valued at approximately $11,283,950. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nano Nuclear Energy

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $73,826,000. Van ECK Associates Corp grew its holdings in shares of Nano Nuclear Energy by 26.9% in the second quarter. Van ECK Associates Corp now owns 3,819,847 shares of the company’s stock valued at $80,752,000 after purchasing an additional 810,022 shares in the last quarter. Lido Advisors LLC increased its position in Nano Nuclear Energy by 1,769.6% in 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 during the last quarter. Bank of New York Mellon Corp bought a new stake in Nano Nuclear Energy in the second quarter worth $2,814,000. Finally, Bank of America Corp DE purchased a new stake in Nano Nuclear Energy during the second quarter valued at $1,083,000.

Nano Nuclear Energy Price Performance

Shares of NASDAQ NNE opened at $15.51 on Friday. The firm has a fifty day moving average price of $17.52 and a 200-day moving average price of $21.03. The stock has a market cap of $832.89 million, a PE ratio of -22.48 and a beta of 5.49. Nano Nuclear Energy has a 1 year low of $14.71 and a 1 year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.07. The firm had revenue of $0.21 million for the quarter, compared to the consensus estimate of $0.50 million. On average, research analysts expect that Nano Nuclear Energy will post -0.8 EPS for the current year.

About Nano Nuclear Energy

(Get Free Report)

Nano Nuclear Energy, Inc is an advanced nuclear energy technology company developing portable microreactors and related nuclear-fuel capabilities. The company’s objective is to provide compact, transportable power systems for applications that may not be well served by conventional nuclear plants or electrical grids.

Its principal reactor concepts include ZEUS, a solid-core battery reactor designed for off-grid power generation, and ODIN, a molten-salt reactor concept intended to produce electricity and industrial heat.

Featured Stories

Analyst Recommendations for Nano Nuclear Energy (NASDAQ:NNE)

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.