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

Nano Nuclear Energy Inc. (NASDAQ:NNE) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $47.00.

Several analysts have weighed in on the stock. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, February 18th. Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $27.45 on Wednesday. The company has a market cap of $1.43 billion, a PE ratio of -25.42 and a beta of 5.15. Nano Nuclear Energy has a twelve month low of $18.93 and a twelve month high of $60.87. The company’s 50 day moving average is $23.45 and its two-hundred day moving average is $29.69.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Tuesday, February 17th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.19. As a group, analysts expect that Nano Nuclear Energy will post -1.4 EPS for the current fiscal year.

Trending Headlines about Nano Nuclear Energy

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: Nano Nuclear signed a strategic MOU with Supermicro to study using advanced nuclear energy to power next-generation AI data centers, boosting the company’s visibility in a high-growth theme. Article Title
• Positive Sentiment: Management highlighted rising AI-related power demand and positioned NNE’s microreactor technology as a potential solution for data centers that need reliable, grid-independent energy. Article Title
• Neutral Sentiment: The company said it will host a second-quarter business update webcast on May 14, after its expected 10-Q filing, giving investors a near-term catalyst for more details on progress. Article Title
• Negative Sentiment: Broader nuclear-sector volatility and a selloff in several nuclear stocks weighed on sentiment, which may have limited gains despite the partnership news. Article Title

Insider Activity at Nano Nuclear Energy

In other news, Director Seth Jason Berl sold 3,664 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $27.69, for a total value of $101,456.16. Following the sale, the director directly owned 3,836 shares of the company’s stock, valued at $106,218.84. This represents a 48.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.77% of the stock is owned by company insiders.

Institutional Trading of Nano Nuclear Energy

Several large investors have recently made changes to their positions in NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Nano Nuclear Energy by 11,676.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after acquiring an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $38,224,000. Ghisallo Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $38,224,000. Van ECK Associates Corp boosted its holdings in shares of Nano Nuclear Energy by 65.7% in the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after acquiring an additional 1,030,262 shares during the last quarter. Finally, Regal Partners Ltd purchased a new stake in shares of Nano Nuclear Energy in the 4th 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.