Northland Securities Has Strong Forecast for NNE Q1 Earnings

Nano Nuclear Energy Inc. (NASDAQ:NNE) – Research analysts at Northland Securities lifted their Q1 2027 earnings per share estimates for Nano Nuclear Energy in a report released on Wednesday, May 27th. Northland Securities analyst J. Grampp now expects that the company will post earnings of ($0.45) per share for the quarter, up from their previous forecast of ($0.46). The consensus estimate for Nano Nuclear Energy’s current full-year earnings is ($1.02) per share. Northland Securities also issued estimates for Nano Nuclear Energy’s Q2 2027 earnings at ($0.26) EPS, Q3 2027 earnings at ($0.51) EPS, Q4 2027 earnings at ($0.59) EPS and FY2027 earnings at ($1.81) EPS.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results 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.

A number of other research analysts have also commented on NNE. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Nano Nuclear Energy Stock Up 4.7%

Shares of NNE opened at $28.65 on Friday. Nano Nuclear Energy has a 12-month low of $18.93 and a 12-month high of $60.87. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -41.52 and a beta of 5.15. The stock’s 50-day moving average price is $23.92 and its 200 day moving average price is $27.89.

Insider Activity at Nano Nuclear Energy

In other Nano Nuclear Energy news, Director Seth Jason Berl sold 3,664 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $27.69, for a total transaction of $101,456.16. Following the completion of the transaction, the director directly owned 3,836 shares in the company, valued at $106,218.84. This represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 32.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NNE. Harbour Investments Inc. lifted its holdings in shares of Nano Nuclear Energy by 275.7% during the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 863 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 valued at $32,000 after acquiring an additional 835 shares during the period. Ascentis Independent Advisors acquired a new position in shares of Nano Nuclear Energy in the 1st quarter worth approximately $36,000. Archer Investment Corp acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $39,000. Finally, US Bancorp DE boosted its holdings in shares of Nano Nuclear Energy by 51.9% in the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after acquiring an additional 400 shares in the last quarter.

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.