Brokerages Set Nano Nuclear Energy Inc. (NASDAQ:NNE) PT at $47.00

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $47.00.

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, May 27th.

Key Headlines Impacting Nano Nuclear Energy

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: NNE has recently caught a bid from sector momentum after EPA Chief Lee Zeldin highlighted nuclear power and small modular reactor buildout as an area of optimism for U.S. energy policy. Article Title
• Neutral Sentiment: Investor attention remains elevated around the stock’s volatility, with recent commentary noting strong month-over-month gains but uneven performance over longer periods. Article Title
• Negative Sentiment: Multiple insiders disclosed significant share sales, including CEO James John Walker, chairman Jiang Yu, CFO Jaisun Garcha, and directors Seth Jason Berl and Diane Elizabeth Hare, which can signal caution and often weighs on sentiment. The largest transaction was a 700,000-share sale by a major shareholder/insider tied to Jiang Yu at about $26.68 per share. Article Title Article Title Article Title Article Title Article Title Article Title Article Title

Nano Nuclear Energy Trading Down 9.9%

Nano Nuclear Energy stock opened at $23.56 on Friday. Nano Nuclear Energy has a 12 month low of $18.93 and a 12 month high of $60.87. The stock’s 50 day simple moving average is $24.65 and its two-hundred day simple moving average is $27.62. The firm has a market cap of $1.23 billion, a PE ratio of -34.14 and a beta of 5.05.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.08. On average, equities research analysts forecast that Nano Nuclear Energy will post -1.02 EPS for the current year.

Insiders Place Their Bets

In other Nano Nuclear Energy news, Chairman Jiang Yu sold 700,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total value of $18,676,000.00. Following the sale, the chairman owned 8,224,000 shares in the company, valued at approximately $219,416,320. This represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.92, for a total value of $93,450.00. Following the transaction, the director directly owned 7,586 shares of the company’s stock, valued at approximately $189,043.12. The trade was a 33.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,616,981 shares of company stock worth $43,096,346. Corporate insiders own 32.77% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NNE. Harbour Investments Inc. raised its stake 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. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Nano Nuclear Energy by 165.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after buying an additional 835 shares during the period. Ascentis Independent Advisors acquired a new position in shares of Nano Nuclear Energy during the 1st quarter worth approximately $36,000. US Bancorp DE raised its stake in shares of Nano Nuclear Energy by 51.9% during the 3rd 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 period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $48,000.

About Nano Nuclear Energy

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.