Nano Nuclear Energy Inc. (NASDAQ:NNE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• "Moderate Buy" consensus from seven analysts (1 sell, 1 hold, 3 buy, 2 strong buy) with an average 12‑month price target of $47.00.
• NNE opened at $22.77, has a market cap of $1.19B, a 12‑month range of $18.93–$60.87 and high volatility (beta 5.15); the company reported Q EPS of ($0.13), beating estimates of ($0.32) while analysts forecast about -1.4 EPS for the year.
• A director sold 3,664 shares (a 48.85% reduction in their position), although insiders still collectively own 32.77% of the company.

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.00.

NNE has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Benchmark restated a "buy" rating on shares of Nano Nuclear Energy in a report on Wednesday, February 18th. Finally, Texas Capital raised Nano Nuclear Energy to a "strong-buy" rating in a research report on Tuesday, January 27th.

Nano Nuclear Energy Stock Down 2.4%

Nano Nuclear Energy stock opened at $22.77 on Wednesday. The company has a 50 day moving average of $23.33 and a 200-day moving average of $29.97. Nano Nuclear Energy has a twelve month low of $18.93 and a twelve month high of $60.87. The stock has a market capitalization of $1.19 billion, a PE ratio of -21.08 and a beta of 5.15.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.19. Equities analysts anticipate that Nano Nuclear Energy will post -1.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Nano Nuclear Energy news, Director Seth Jason Berl sold 3,664 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $27.69, for a total transaction of $101,456.16. Following the completion of the transaction, the director owned 3,836 shares of the company's stock, valued at $106,218.84. This represents a 48.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 32.77% of the company's stock.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors have recently made changes to their positions in NNE. Harbour Investments Inc. grew its position in Nano Nuclear Energy by 275.7% in the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company's stock valued at $28,000 after purchasing an additional 863 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Nano Nuclear Energy by 165.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company's stock worth $32,000 after buying an additional 835 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of Nano Nuclear Energy during the 1st quarter worth about $36,000. Archer Investment Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $39,000. Finally, US Bancorp DE grew its holdings in shares of Nano Nuclear Energy by 51.9% in the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company's stock valued at $45,000 after acquiring an additional 400 shares in the last quarter.

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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