NNE FY2027 EPS Forecast Reduced by Northland Securities

Key Points

• Northland Securities lowered Nano Nuclear Energy’s FY2027 EPS forecast to a loss of $1.75 per share from $1.74, compared with the broader full-year consensus loss estimate of $0.80.
• Analyst sentiment remains mixed but leans positive, with MarketBeat reporting a “Moderate Buy” consensus rating and an average price target of $39.00. Individual targets range from $22 to $45.
• NNE opened at $15.73, near its 12-month low of $14.71 and well below its 12-month high of $60.87; its latest quarterly loss of $0.19 per share beat estimates, although revenue of $0.21 million missed expectations.

Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) - Equities researchers at Northland Securities dropped their FY2027 EPS estimates for shares of Nano Nuclear Energy in a research note issued on Thursday, September 17th. Northland Securities analyst J. Grampp now forecasts that the company will post earnings per share of ($1.75) for the year, down from their prior estimate of ($1.74). The consensus estimate for Nano Nuclear Energy's current full-year earnings is ($0.80) per share.

A number of other analysts have also issued reports on NNE. Wall Street Zen raised Nano Nuclear Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Benchmark reissued a "buy" rating on shares of Nano Nuclear Energy in a research report on Thursday, August 13th. Truist Financial began coverage on shares of Nano Nuclear Energy in a research report on Monday, July 13th. They set a "hold" rating and a $22.00 target price on the stock. Roth Capital initiated coverage on shares of Nano Nuclear Energy in a research note on Wednesday, June 17th. They set a "buy" rating and a $45.00 target price for the company. Finally, New Street Research set a $45.00 price target on shares of Nano Nuclear Energy in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.00.

Nano Nuclear Energy Stock Performance

NASDAQ NNE opened at $15.73 on Monday. The stock has a 50-day simple moving average of $17.65 and a 200 day simple moving average of $21.62. Nano Nuclear Energy has a twelve month low of $14.71 and a twelve month high of $60.87. The stock has a market capitalization of $844.70 million, a PE ratio of -22.80 and a beta of 5.41.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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.

Institutional Trading of Nano Nuclear Energy

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at $73,826,000. Van ECK Associates Corp increased its position in shares of 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 purchasing an additional 810,022 shares in the last quarter. Lido Advisors LLC lifted its holdings in Nano Nuclear Energy by 1,769.6% during the 1st quarter. Lido Advisors LLC now owns 171,932 shares of the company's stock valued at $3,521,000 after purchasing an additional 162,736 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Nano Nuclear Energy during the 2nd quarter valued at about $2,814,000. Finally, Private Wealth Partners LLC boosted its position in Nano Nuclear Energy by 191.6% in the first quarter. Private Wealth Partners LLC now owns 38,200 shares of the company's stock valued at $782,000 after buying an additional 25,100 shares in the last quarter.

Insider Buying and Selling at Nano Nuclear Energy

In other news, CEO James Walker sold 25,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 635,000 shares in the company, valued at approximately $11,283,950. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 18.61% of the company's stock.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc is an advanced nuclear energy company focused on developing portable microreactors and related nuclear fuel and transportation capabilities. The company is pursuing reactor systems designed to provide reliable, carbon-free power for applications that may be difficult or costly to serve with traditional grid infrastructure.

Its product development portfolio includes the ZEUS solid-core battery reactor and the ODIN low-pressure coolant reactor. The company is also developing the KRONOS micro modular reactor, while pursuing capabilities related to nuclear fuel fabrication, transportation and other supporting services.

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