Nano Nuclear Energy Inc. (NASDAQ:NNE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $51.75.

NNE has been the subject of several research analyst reports. Northland Securities initiated coverage on Nano Nuclear Energy in a research note on Monday, July 7th. They issued an “outperform” rating and a $40.00 price objective for the company. BTIG Research started coverage on Nano Nuclear Energy in a research report on Thursday, August 28th. They set a “neutral” rating for the company. LADENBURG THALM/SH SH started coverage on Nano Nuclear Energy in a research report on Thursday, July 10th. They set a “buy” rating and a $51.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Finally, HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Friday, August 15th.

Institutional Trading of Nano Nuclear Energy

Institutional investors have recently bought and sold shares of the business. North Capital Inc. acquired a new stake in Nano Nuclear Energy in the first quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new stake in Nano Nuclear Energy in the first quarter valued at approximately $27,000. KBC Group NV acquired a new stake in Nano Nuclear Energy in the first quarter valued at approximately $31,000. Stone House Investment Management LLC acquired a new stake in Nano Nuclear Energy in the first quarter valued at approximately $40,000. Finally, Total Investment Management Inc. acquired a new stake in Nano Nuclear Energy in the second quarter valued at approximately $60,000.

Nano Nuclear Energy Stock Down 1.2%

Shares of NASDAQ:NNE opened at $47.84 on Friday. Nano Nuclear Energy has a 52-week low of $16.58 and a 52-week high of $60.87. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -51.44 and a beta of 6.80. The business has a 50-day moving average price of $38.71 and a 200-day moving average price of $33.07.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.08. As a group, equities analysts anticipate that Nano Nuclear Energy will post -0.92 EPS for the current fiscal year.

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.