Nano Nuclear Energy's (NNE) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Nano Nuclear Energy's stock received a "sell (D-)" rating reiterated by Weiss Ratings, indicating a negative outlook from analysts.
• Despite the sell rating, the stock has seen varied evaluations from other analysts, with a consensus target price of $51.75 and an average rating of "Moderate Buy."
• The company's earnings report showed a quarterly loss of ($0.19) EPS, which was better than market expectations, highlighting some financial resilience.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the stock. Northland Securities initiated coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price objective for the company. HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Friday, August 15th. BTIG Research initiated coverage on shares of Nano Nuclear Energy in a research report on Thursday, August 28th. They set a "neutral" rating for the company. LADENBURG THALM/SH SH initiated coverage on shares of Nano Nuclear Energy in a research report on Thursday, July 10th. They set a "buy" rating and a $51.00 price objective for the company. Finally, Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nano Nuclear Energy presently has an average rating of "Moderate Buy" and a consensus target price of $51.75.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $44.34 on Friday. Nano Nuclear Energy has a 52-week low of $16.58 and a 52-week high of $60.87. The company has a market capitalization of $2.23 billion, a P/E ratio of -47.68 and a beta of 6.80. The company has a 50-day simple moving average of $39.40 and a 200 day simple moving average of $33.82.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. As a group, equities analysts forecast that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC bought a new position in Nano Nuclear Energy in the third quarter valued at approximately $205,000. Venturi Wealth Management LLC bought a new stake in shares of Nano Nuclear Energy during the third quarter worth $660,000. SG Americas Securities LLC grew its stake in shares of Nano Nuclear Energy by 549.0% during the third quarter. SG Americas Securities LLC now owns 33,408 shares of the company's stock worth $1,288,000 after buying an additional 28,260 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Nano Nuclear Energy during the third quarter worth $384,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Nano Nuclear Energy during the third quarter worth $293,000.

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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