Nano Nuclear Energy (NASDAQ:NNE) Director Sells $101,456.16 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Seth Jason Berl sold 3,664 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $27.69, for a total transaction of $101,456.16. Following the transaction, the director owned 3,836 shares of the company’s stock, valued at $106,218.84. This represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Nano Nuclear Energy Stock Performance

NASDAQ NNE opened at $23.54 on Friday. The stock has a 50-day simple moving average of $29.04 and a two-hundred day simple moving average of $34.57. The firm has a market capitalization of $1.23 billion, a P/E ratio of -21.80 and a beta of 7.59. Nano Nuclear Energy Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Tuesday, February 17th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.19. As a group, analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NNE. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Finally, Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a report on Tuesday, January 27th. Two 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Institutional Trading of Nano Nuclear Energy

Several institutional investors have recently bought and sold shares of NNE. Archer Investment Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $39,000. Tripletail Wealth Management LLC purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at approximately $43,000. US Bancorp DE grew its stake in Nano Nuclear Energy by 51.9% in the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after acquiring an additional 400 shares during the period. Harbour Investments Inc. grew its stake in Nano Nuclear Energy by 275.7% in the 4th quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 863 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Nano Nuclear Energy in the 3rd quarter worth $48,000.

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.