Nano Nuclear Energy (NASDAQ:NNE) Upgraded at Roth Mkm

Nano Nuclear Energy (NASDAQ:NNE) was upgraded by equities researchers at Roth Mkm to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Monday, June 8th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Three investment 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 MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $46.50.

Nano Nuclear Energy Stock Up 5.4%

NNE opened at $25.31 on Wednesday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -36.68 and a beta of 5.05. Nano Nuclear Energy has a 52 week low of $18.93 and a 52 week high of $60.87. The business’s 50 day moving average is $25.20 and its two-hundred day moving average is $27.22.

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

Insider Activity

In related news, CEO James John Walker sold 123,688 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.49, for a total transaction of $3,276,495.12. Following the transaction, the chief executive officer owned 555,000 shares of the company’s stock, valued at $14,701,950. This represents a 18.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.92, for a total value of $93,450.00. Following the transaction, the director directly owned 7,586 shares in the company, valued at $189,043.12. This represents a 33.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,616,981 shares of company stock valued at $43,096,346 over the last three months. 32.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Nano Nuclear Energy

Several large investors have recently bought and sold shares of NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $66,564,000 after purchasing an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at $38,224,000. Ghisallo Capital Management LLC acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at $38,224,000. Van ECK Associates Corp grew its holdings in Nano Nuclear Energy by 65.7% in the third quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after purchasing an additional 1,030,262 shares during the last quarter. Finally, Regal Partners Ltd acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at $23,535,000.

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.