Jiang Yu Sells 176,457 Shares of Nano Nuclear Energy (NASDAQ:NNE) Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Chairman Jiang Yu sold 176,457 shares of Nano Nuclear Energy stock in a transaction on Monday, December 29th. The stock was sold at an average price of $27.03, for a total transaction of $4,769,632.71. Following the sale, the chairman directly owned 9,112,000 shares in the company, valued at $246,297,360. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jiang Yu also recently made the following trade(s):

• On Friday, December 26th, Jiang Yu sold 333,069 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $28.47, for a total value of $9,482,474.43.
• On Wednesday, December 24th, Jiang Yu sold 378,474 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $30.14, for a total value of $11,407,206.36.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded down $1.53 during trading on Tuesday, hitting $24.89. The company’s stock had a trading volume of 2,906,816 shares, compared to its average volume of 3,585,106. 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 Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $60.87. The stock’s 50-day moving average price is $35.65 and its two-hundred day moving average price is $36.82.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th. Weiss Ratings reaffirmed 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 issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently made changes to their positions in NNE. Van ECK Associates Corp lifted its holdings in shares of 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 worth $100,190,000 after purchasing an additional 1,030,262 shares during the last quarter. Vanguard Group Inc. increased its position in Nano Nuclear Energy by 40.9% in the third quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock worth $68,547,000 after buying an additional 516,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Nano Nuclear Energy by 11,676.8% in 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. Hood River Capital Management LLC bought a new stake in Nano Nuclear Energy in the second quarter valued at $31,935,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Nano Nuclear Energy by 6.4% during the second quarter. Geode Capital Management LLC now owns 349,104 shares of the company’s stock valued at $12,039,000 after acquiring an additional 20,899 shares during the period.

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.