Nano Nuclear Energy (NASDAQ:NNE) CEO Sells $753,000.00 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CEO James John Walker sold 25,000 shares of Nano Nuclear Energy stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the chief executive officer directly owned 275,000 shares of the company’s stock, valued at $8,283,000. This represents a 8.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Nano Nuclear Energy Trading Down 5.8%

Shares of NASDAQ NNE traded down $1.53 during trading hours on Tuesday, reaching $24.89. The stock had a trading volume of 2,906,816 shares, compared to its average volume of 3,585,106. Nano Nuclear Energy Inc. has a 52-week low of $17.26 and a 52-week high of $60.87. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -23.93 and a beta of 7.19. The business’s fifty day moving average price is $35.65 and its two-hundred day moving average price is $36.82.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Thursday, December 18th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.14. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

Several hedge funds have recently modified their holdings of NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $66,564,000 after buying an additional 1,711,592 shares during the last quarter. Van ECK Associates Corp raised its stake 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 acquiring an additional 1,030,262 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in Nano Nuclear Energy during the second quarter valued at approximately $31,935,000. Vanguard Group Inc. lifted its position in Nano Nuclear Energy by 40.9% during the third quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock valued at $68,547,000 after acquiring an additional 516,129 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Nano Nuclear Energy in the second quarter valued at approximately $6,269,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th. One equities 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.