Northland Securities Has Strong Forecast for NNE Q1 Earnings

Nano Nuclear Energy Inc. (NASDAQ:NNE) – Analysts at Northland Securities raised their Q1 2027 earnings per share (EPS) estimates for Nano Nuclear Energy in a research note issued to investors on Wednesday, May 27th. Northland Securities analyst J. Grampp now forecasts that the company will post earnings per share of ($0.45) for the quarter, up from their prior estimate of ($0.46). The consensus estimate for Nano Nuclear Energy’s current full-year earnings is ($1.02) per share. Northland Securities also issued estimates for Nano Nuclear Energy’s Q2 2027 earnings at ($0.26) EPS, Q3 2027 earnings at ($0.51) EPS, Q4 2027 earnings at ($0.59) EPS and FY2027 earnings at ($1.81) EPS.

A number of other analysts have also weighed in on the company. Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Finally, Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $28.65 on Friday. Nano Nuclear Energy has a twelve month low of $18.93 and a twelve month high of $60.87. The firm has a market cap of $1.49 billion, a PE ratio of -41.52 and a beta of 5.15. The business has a fifty day moving average of $23.92 and a 200-day moving average of $27.89.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08.

Insider Buying and Selling

In related news, Director Seth Jason Berl sold 3,664 shares of Nano Nuclear Energy stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $27.69, for a total value of $101,456.16. Following the completion of the sale, the director directly owned 3,836 shares in the company, valued at $106,218.84. This trade represents a 48.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Axiom Investment Management LLC acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at $246,000. The Manufacturers Life Insurance Company lifted its stake in shares of Nano Nuclear Energy by 4.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,058 shares of the company’s stock valued at $390,000 after purchasing an additional 793 shares during the period. Themes Management Co LLC lifted its stake in shares of Nano Nuclear Energy by 102.8% in the 1st quarter. Themes Management Co LLC now owns 24,449 shares of the company’s stock valued at $501,000 after purchasing an additional 12,396 shares during the period. Lido Advisors LLC grew its position in shares of Nano Nuclear Energy by 1,769.6% during the 1st quarter. Lido Advisors LLC now owns 171,932 shares of the company’s stock worth $3,521,000 after buying an additional 162,736 shares during the period. Finally, Walleye Capital LLC grew its position in shares of Nano Nuclear Energy by 883.9% during the 1st quarter. Walleye Capital LLC now owns 48,210 shares of the company’s stock worth $987,000 after buying an additional 43,310 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.