Nano Nuclear Energy (NASDAQ:NNE) Director Seth Jason Berl Sells 3,664 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Seth Jason Berl sold 3,664 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $27.69, for a total transaction of $101,456.16. Following the completion of the transaction, the director directly owned 3,836 shares of the company’s stock, valued at $106,218.84. This represents a 48.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nano Nuclear Energy Trading Down 5.2%

NASDAQ:NNE traded down $1.36 during trading hours on Thursday, hitting $25.00. 512,063 shares of the stock traded hands, compared to its average volume of 1,817,698. Nano Nuclear Energy Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $60.87. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -23.15 and a beta of 7.59. The firm has a 50 day moving average price of $29.23 and a 200 day moving average price of $34.69.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Tuesday, February 17th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.19. Research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd. Finally, Texas Capital upgraded Nano Nuclear Energy to a “strong-buy” rating in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nano Nuclear Energy has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently modified their holdings of NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Nano Nuclear Energy by 11,676.8% during the 3rd 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. Weiss Asset Management LP acquired a new stake in shares of Nano Nuclear Energy during the fourth quarter worth $38,224,000. Ghisallo Capital Management LLC acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $38,224,000. Van ECK Associates Corp grew its position in shares of Nano Nuclear Energy by 65.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock worth $100,190,000 after buying an additional 1,030,262 shares during the period. Finally, Regal Partners Ltd bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at about $23,535,000.

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.