Nano Nuclear Energy (NASDAQ:NNE) Director Sells 40,000 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Kenny Joe Yung Yu sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $32.43, for a total value of $1,297,200.00. Following the sale, the director owned 15,000 shares in the company, valued at approximately $486,450. The trade was a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nano Nuclear Energy Stock Performance

NASDAQ NNE traded down $1.53 during trading hours on Tuesday, hitting $24.89. The company had a trading volume of 2,906,816 shares, compared to its average volume of 3,585,106. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -23.93 and a beta of 7.19. Nano Nuclear Energy Inc. has a 52 week low of $17.26 and a 52 week high of $60.87. The firm has a 50 day simple moving average of $35.65 and a 200 day simple moving average of $36.82.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.14. On average, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on NNE. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Wednesday, October 8th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its position 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 worth $100,190,000 after acquiring an additional 1,030,262 shares in the last quarter. Vanguard Group Inc. lifted its stake in Nano Nuclear Energy by 40.9% during the third quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock worth $68,547,000 after purchasing an additional 516,129 shares during the last quarter. 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 worth $66,564,000 after purchasing an additional 1,711,592 shares in the last quarter. Hood River Capital Management LLC bought a new position in shares of Nano Nuclear Energy during the 2nd quarter valued at about $31,935,000. Finally, Geode Capital Management LLC increased its position in shares of Nano Nuclear Energy by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 349,104 shares of the company’s stock valued at $12,039,000 after purchasing an additional 20,899 shares during the last quarter.

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.