Nano Nuclear Energy Inc. (NASDAQ:NNE) Stock Has Consensus Price Target of $38.14

Key Points

• Analysts hold a “Moderate Buy” consensus on Nano Nuclear Energy, with four buy ratings, one strong buy, one hold, and one sell. The average 12-month price target is $38.14, well above the stock’s reported $15.62 price.
• NNE has experienced significant volatility, trading between $14.71 and $60.87 over the past year. Its market capitalization is approximately $838.8 million, while its beta of 5.49 signals especially high sensitivity to market movements.
• The company remains in an early-stage, loss-making phase: it reported a quarterly loss of $0.19 per share and $0.21 million in revenue. CEO James Walker also sold 25,000 shares under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 3.79%.

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.14.

A number of analysts recently commented on the company. Susquehanna set a $39.00 price objective on Nano Nuclear Energy in a research report on Thursday. Alliance Global Partners assumed 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 target for the company. Roth Capital assumed coverage on shares of Nano Nuclear Energy in a research note on Wednesday, June 17th. They set a "buy" rating and a $45.00 price target for the company. Wall Street Zen upgraded shares of Nano Nuclear Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Nano Nuclear Energy in a research note on Friday, July 17th.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $15.62 on Friday. The stock's fifty day moving average price is $17.54 and its two-hundred day moving average price is $21.08. Nano Nuclear Energy has a 52-week low of $14.71 and a 52-week high of $60.87. The company has a market cap of $838.79 million, a price-to-earnings ratio of -22.64 and a beta of 5.49.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $0.50 million. On average, equities analysts predict that Nano Nuclear Energy will post -0.8 EPS for the current fiscal year.

Insider Buying and Selling at Nano Nuclear Energy

In other news, CEO James Walker sold 25,000 shares of the firm'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 transaction, the chief executive officer directly owned 635,000 shares in the company, valued at $11,283,950. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 18.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new position in shares of Nano Nuclear Energy during the 2nd quarter worth about $302,000. Integrated Wealth Concepts LLC bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at about $289,000. Ameritas Advisory Services LLC acquired a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at approximately $778,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Nano Nuclear Energy by 5.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,266 shares of the company's stock worth $1,337,000 after acquiring an additional 2,993 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Nano Nuclear Energy by 26.9% during the 2nd quarter. Van ECK Associates Corp now owns 3,819,847 shares of the company's stock worth $80,752,000 after acquiring an additional 810,022 shares during the last quarter.

Nano Nuclear Energy Company Profile

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.

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