Key Points
- Diane Elizabeth Hare, a director of Nano Nuclear Energy, sold a total of 40,000 shares in two transactions (20,000 on Dec. 23 at $32.43 and 20,000 on Jan. 5 at $28.70) for combined proceeds of $1,222,600.
- Nano Nuclear Energy shares are volatile (12‑month range $17.26–$60.87, beta 7.48) and were trading up 3.1%; the company beat quarterly EPS estimates (‑$0.19 vs. ‑$0.33) and analysts hold a consensus "Moderate Buy" with an average price target of $47.
- The company develops microreactors and nuclear technologies, notably the ZEUS solid‑core battery reactor and the ODIN low‑pressure coolant reactor.
Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) Director Diane Elizabeth Hare sold 20,000 shares of Nano Nuclear Energy stock in a transaction on Monday, January 5th. The stock was sold at an average price of $28.70, for a total value of $574,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Diane Elizabeth Hare also recently made the following trade(s):
- On Tuesday, December 23rd, Diane Elizabeth Hare sold 20,000 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $32.43, for a total transaction of $648,600.00.
Nano Nuclear Energy Trading Up 3.1%
Nano Nuclear Energy stock opened at $31.92 on Wednesday. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87. The stock has a market cap of $1.61 billion, a P/E ratio of -30.69 and a beta of 7.48. The company has a 50-day moving average price of $33.81 and a 200 day moving average price of $36.47.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.14. As a group, analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Trading of Nano Nuclear Energy
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Nano Nuclear Energy by 441.3% in the third quarter. JPMorgan Chase & Co. now owns 74,009 shares of the company's stock valued at $2,854,000 after purchasing an additional 60,336 shares during the period. IFP Advisors Inc boosted its position in shares of Nano Nuclear Energy by 102.1% during the third quarter. IFP Advisors Inc now owns 8,342 shares of the company's stock worth $322,000 after buying an additional 4,214 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at $48,000. NewEdge Advisors LLC grew its stake in shares of Nano Nuclear Energy by 6.5% in the third quarter. NewEdge Advisors LLC now owns 63,377 shares of the company's stock valued at $2,444,000 after buying an additional 3,882 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at $1,113,000.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NNE. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Benchmark reaffirmed a "buy" rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $47.00.
Check Out Our Latest Stock Analysis on NNE
Nano Nuclear Energy Company Profile
(
Get Free Report)
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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