Seth Jason Berl Sells 3,750 Shares of Nano Nuclear Energy (NASDAQ:NNE) Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Seth Jason Berl sold 3,750 shares of Nano Nuclear Energy stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.92, for a total transaction of $93,450.00. Following the completion of the sale, the director owned 7,586 shares in the company, valued at approximately $189,043.12. This trade represents a 33.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nano Nuclear Energy Stock Down 9.9%

Shares of NASDAQ NNE opened at $23.56 on Friday. The company’s 50-day simple moving average is $24.65 and its 200-day simple moving average is $27.62. Nano Nuclear Energy Inc. has a 52-week low of $18.93 and a 52-week high of $60.87. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.08. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nano Nuclear Energy currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in Nano Nuclear Energy by 24.7% during the fourth quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock worth $77,825,000 after acquiring an additional 643,070 shares during the last quarter. Vanguard Group Inc. boosted its position in Nano Nuclear Energy by 27.4% during the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock worth $54,360,000 after acquiring an additional 486,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 worth $66,564,000 after acquiring an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP acquired a new position in Nano Nuclear Energy during the fourth quarter worth about $38,224,000. Finally, Ghisallo Capital Management LLC acquired a new position in Nano Nuclear Energy during the fourth quarter worth about $38,224,000.

Key Stories 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 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.