Key Points
- Seth Jason Berl sold 3,664 shares of Nano Nuclear Energy on March 2 at an average price of $27.69, reducing his ownership by 48.85% to 3,836 shares (≈$106,219), according to an SEC filing.
- Shares fell about 5.2% to $25.00 on the latest session with 512,063 shares traded; the stock trades below its 50‑day ($29.23) and 200‑day ($34.69) moving averages, has a 52‑week range of $17.26–$60.87, a market cap of ~$1.3B and a negative P/E.
- Several institutions (VanEck, Vanguard, MIRAE) materially increased holdings during recent quarters, while analysts’ views are mixed but lean positive with an average rating of "Moderate Buy" and a consensus price target of $47.00.
Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) Director Seth Jason Berl sold 3,664 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $27.69, for a total value of $101,456.16. Following the completion of the transaction, the director directly owned 3,836 shares of the company's stock, valued at approximately $106,218.84. The trade was a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nano Nuclear Energy Trading Down 5.2%
Shares of NASDAQ:NNE traded down $1.36 during trading on Thursday, hitting $25.00. 512,063 shares of the company's stock traded hands, compared to its average volume of 1,817,698. The company has a 50-day moving average price of $29.23 and a 200-day moving average price of $34.69. Nano Nuclear Energy Inc. has a 52 week low of $17.26 and a 52 week high of $60.87. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -23.15 and a beta of 7.59.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Tuesday, February 17th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.19. On average, analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
A number of institutional investors have recently modified their holdings of NNE. Van ECK Associates Corp boosted its stake in shares of Nano Nuclear Energy by 24.7% in the 4th quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company's stock valued at $77,825,000 after purchasing an additional 643,070 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Nano Nuclear Energy by 27.4% during the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company's stock worth $54,360,000 after buying an additional 486,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Nano Nuclear Energy by 11,676.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company's stock worth $66,564,000 after buying an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Nano Nuclear Energy during the fourth quarter worth $38,224,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $38,224,000.
Analysts Set New Price Targets
NNE has been the subject of a number of recent analyst reports. Texas Capital upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Tuesday, January 27th. Benchmark reiterated a "buy" rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $47.00.
Check Out Our Latest Research Report on Nano Nuclear Energy
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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