Weiss Ratings Reiterates "Sell (D-)" Rating for Nano Nuclear Energy (NASDAQ:NNE)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Nano Nuclear Energy (NASDAQ:NNE) in a research note released on Wednesday.
• Despite the negative rating from Weiss, other firms have varied opinions, with one research analyst rating it a "Strong Buy" and multiple analysts assigning Buy ratings with a consensus price target of $51.75.
• Nano Nuclear Energy's stock has seen significant volatility, currently trading approximately 16.9% lower at $47.04, with a notable annual range between $15.16 and $60.51.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms have also recently issued reports on NNE. BTIG Research started coverage on shares of Nano Nuclear Energy in a report on Thursday, August 28th. They issued a "neutral" rating for the company. LADENBURG THALM/SH SH started coverage on shares of Nano Nuclear Energy in a report on Thursday, July 10th. They issued a "buy" rating and a $51.00 price objective for the company. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. HC Wainwright reiterated a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Friday, August 15th. Finally, Northland Securities began coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They issued an "outperform" rating and a $40.00 price objective for the company. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.75.

Nano Nuclear Energy Trading Down 16.9%

Shares of NASDAQ:NNE opened at $47.04 on Wednesday. The firm's 50 day moving average is $36.76 and its two-hundred day moving average is $32.03. The firm has a market capitalization of $1.96 billion, a P/E ratio of -50.58 and a beta of 6.80. Nano Nuclear Energy has a 52 week low of $15.16 and a 52 week high of $60.51.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data 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. Analysts predict that Nano Nuclear Energy will post -0.92 EPS for the current year.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNE. Wealth Enhancement Advisory Services LLC acquired a new position in Nano Nuclear Energy in the 4th quarter worth approximately $271,000. Rhumbline Advisers boosted its stake in Nano Nuclear Energy by 376.9% in the 1st quarter. Rhumbline Advisers now owns 29,628 shares of the company's stock worth $784,000 after purchasing an additional 23,416 shares during the period. SG Americas Securities LLC boosted its stake in Nano Nuclear Energy by 113.8% in the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock worth $783,000 after purchasing an additional 15,747 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Nano Nuclear Energy in the 1st quarter worth approximately $233,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Nano Nuclear Energy by 43.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 60,103 shares of the company's stock worth $1,590,000 after purchasing an additional 18,188 shares during the period.

Nano Nuclear Energy Company Profile

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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