Florent Heidet Sells 3,000 Shares of Nano Nuclear Energy (NASDAQ:NNE) Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CTO Florent Heidet sold 3,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.95, for a total transaction of $74,850.00. Following the completion of the sale, the chief technology officer directly owned 6,185 shares in the company, valued at $154,315.75. This trade represents a 32.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nano Nuclear Energy Stock Down 9.9%

Shares of NASDAQ:NNE traded down $2.60 during trading on Friday, reaching $23.56. The stock had a trading volume of 3,839,828 shares, compared to its average volume of 2,182,100. The business has a fifty day moving average price of $24.62 and a 200-day moving average price of $27.64. The stock has a market cap of $1.23 billion, a P/E ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a fifty-two week low of $18.93 and a fifty-two week high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data 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. As a group, equities analysts forecast that Nano Nuclear Energy Inc. will post -1.02 EPS for the current year.

Hedge Funds Weigh In On Nano Nuclear Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Harbour Investments Inc. increased its position in shares of Nano Nuclear Energy by 275.7% in the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 863 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Nano Nuclear Energy by 165.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after acquiring an additional 835 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Nano Nuclear Energy in the first quarter worth $36,000. US Bancorp DE increased its position in shares of Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after acquiring an additional 400 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Nano Nuclear Energy in the third quarter worth $48,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NNE shares. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.00.

More Nano Nuclear Energy News

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.