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 the 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 of the company’s stock, valued at $189,043.12. This trade represents a 33.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded down $2.60 during midday trading on Friday, hitting $23.56. The company’s stock had a trading volume of 3,839,828 shares, compared to its average volume of 2,182,100. The company 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 12-month low of $18.93 and a 12-month high of $60.87. The business’s 50 day simple moving average is $24.62 and its 200 day simple moving average is $27.64.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data 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. On average, sell-side analysts predict that Nano Nuclear Energy Inc. will post -1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Nano Nuclear Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE increased its position in shares of Nano Nuclear Energy by 51.9% during the third 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 last quarter. Harbour Investments Inc. raised its holdings in shares of 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 buying an additional 863 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Nano Nuclear Energy in the 3rd quarter valued at about $48,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Nano Nuclear Energy by 165.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after purchasing an additional 835 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $36,000.

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.