Nano Nuclear Energy (NASDAQ:NNE) Director Diane Elizabeth Hare Sells 20,000 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Diane Elizabeth Hare sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $32.43, for a total value of $648,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nano Nuclear Energy Price Performance

Shares of NNE stock traded down $1.53 on Tuesday, hitting $24.89. 2,906,816 shares of the stock traded hands, compared to its average volume of 3,585,106. The company’s fifty day moving average is $35.65 and its 200 day moving average is $36.82. Nano Nuclear Energy Inc. has a 1-year low of $17.26 and a 1-year high of $60.87. The company has a market capitalization of $1.26 billion, a PE ratio of -23.93 and a beta of 7.19.

Nano Nuclear Energy (NASDAQ:NNE) last released 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, equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 period. Van ECK Associates Corp increased its position in Nano Nuclear Energy by 65.7% in the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after acquiring an additional 1,030,262 shares during the period. Hood River Capital Management LLC bought a new stake in Nano Nuclear Energy during the 2nd quarter valued at $31,935,000. Vanguard Group Inc. boosted its position in Nano Nuclear Energy by 40.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock worth $68,547,000 after acquiring an additional 516,129 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Nano Nuclear Energy during the 2nd quarter worth $6,269,000.

Analysts Set New Price Targets

Several research firms recently weighed in on NNE. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

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.