Key Points
- CEO James John Walker sold 25,000 Nano Nuclear Energy shares at an average price of $17.77, generating $444,250. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 635,000 shares.
- NNE recently traded near $17.65, well below its 52-week high of $60.87, with a market capitalization of approximately $947.8 million. The stock has a high beta of 5.41 and remains unprofitable.
- Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $39.00, despite mixed individual ratings and the company reporting $0.21 million in quarterly revenue.
Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) CEO James Walker sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $17.77, for a total value of $444,250.00. Following the sale, the chief executive officer owned 635,000 shares in the company, valued at approximately $11,283,950. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nano Nuclear Energy Price Performance
NNE stock opened at $17.65 on Friday. The business has a fifty day moving average price of $18.30 and a 200 day moving average price of $22.31. Nano Nuclear Energy Inc. has a fifty-two week low of $14.71 and a fifty-two week high of $60.87. The stock has a market capitalization of $947.80 million, a price-to-earnings ratio of -25.58 and a beta of 5.41.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.07. The business had revenue of $0.21 million during the quarter, compared to analyst estimates of $0.50 million. On average, equities analysts expect that Nano Nuclear Energy Inc. will post -0.8 earnings per share for the current fiscal year.
Analyst Ratings Changes
NNE has been the subject of several research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Nano Nuclear Energy in a research report on Friday, July 17th. New Street Research set a $45.00 price target on Nano Nuclear Energy in a research note on Thursday, August 13th. Northland Securities set a $37.00 price target on Nano Nuclear Energy in a report on Friday, August 14th. Benchmark restated a "buy" rating on shares of Nano Nuclear Energy in a report on Thursday, August 13th. Finally, Truist Financial initiated coverage on shares of Nano Nuclear Energy in a research note on Monday, July 13th. They issued a "hold" rating and a $22.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.00.
View Our Latest Report on Nano Nuclear Energy
Hedge Funds Weigh In On Nano Nuclear Energy
Several hedge funds have recently added to or reduced their stakes in NNE. US Bancorp DE boosted its holdings in Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company's stock worth $45,000 after buying an additional 400 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Nano Nuclear Energy by 275.7% during the 4th quarter. Harbour Investments Inc. now owns 1,176 shares of the company's stock worth $28,000 after buying an additional 863 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $48,000. Ascentis Independent Advisors bought a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at about $36,000. Finally, NewEdge Advisors LLC raised its position in shares of Nano Nuclear Energy by 385.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company's stock valued at $51,000 after acquiring an additional 1,520 shares during the period.
Nano Nuclear Energy Company Profile
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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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