NNE Stock Gets Weaker EPS Forecast from Northland Securities

Key Points

• Northland Securities lowered Nano Nuclear Energy’s Q1 2027 EPS forecast to a loss of $0.44 per share from $0.43, while projecting a full-year loss of $0.80 per share.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $38.14, despite ratings ranging from Sell to Strong Buy.
• NNE shares opened at $16.49 and have fallen substantially from their 52-week high of $60.87; the company most recently reported a quarterly loss of $0.19 per share, ahead of analyst expectations.

Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) - Equities research analysts at Northland Securities dropped their Q1 2027 earnings per share estimates for shares of Nano Nuclear Energy in a research note issued on Monday, October 5th. Northland Securities analyst J. Grampp now anticipates that the company will post earnings of ($0.44) per share for the quarter, down from their prior forecast of ($0.43). The consensus estimate for Nano Nuclear Energy's current full-year earnings is ($0.80) per share. Northland Securities also issued estimates for Nano Nuclear Energy's Q3 2027 earnings at ($0.38) EPS.

A number of other research analysts have also issued reports on the stock. Truist Financial started coverage on shares of Nano Nuclear Energy in a report on Monday, July 13th. They issued a "hold" rating and a $22.00 price objective for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Nano Nuclear Energy in a report on Friday, July 17th. Benchmark restated a "buy" rating on shares of Nano Nuclear Energy in a research report on Thursday, August 13th. Roth Capital initiated coverage on shares of Nano Nuclear Energy in a report on Wednesday, June 17th. They set a "buy" rating and a $45.00 price target on the stock. Finally, New Street Research set a $45.00 price objective on Nano Nuclear Energy in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.14.

Nano Nuclear Energy Trading Up 6.3%

NASDAQ:NNE opened at $16.49 on Wednesday. The stock's 50-day moving average is $17.53 and its 200-day moving average is $20.99. Nano Nuclear Energy has a 1-year low of $14.71 and a 1-year high of $60.87. The stock has a market cap of $885.51 million, a P/E ratio of -23.90 and a beta of 5.49.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth $73,826,000. Van ECK Associates Corp raised its position in Nano Nuclear Energy by 26.9% in 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 during the period. Bank of New York Mellon Corp purchased a new stake in Nano Nuclear Energy during the second quarter valued at about $2,814,000. Lido Advisors LLC grew its stake in shares of Nano Nuclear Energy by 1,769.6% during the first quarter. Lido Advisors LLC now owns 171,932 shares of the company's stock valued at $3,521,000 after buying an additional 162,736 shares during the last quarter. Finally, Private Wealth Partners LLC increased its holdings in shares of Nano Nuclear Energy by 191.6% in the first quarter. Private Wealth Partners LLC now owns 38,200 shares of the company's stock worth $782,000 after buying an additional 25,100 shares during the period.

Insider Activity at Nano Nuclear Energy

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

About Nano Nuclear Energy

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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