Nano Nuclear Energy (NASDAQ:NNE) Upgraded at Roth Mkm

Nano Nuclear Energy (NASDAQ:NNE) was upgraded by analysts at Roth Mkm to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, June 8th. Three equities research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $46.50.

Nano Nuclear Energy Price Performance

NASDAQ NNE opened at $25.31 on Wednesday. The company has a market cap of $1.32 billion, a P/E ratio of -36.68 and a beta of 5.05. The stock has a 50-day moving average of $25.20 and a two-hundred day moving average of $27.22. Nano Nuclear Energy has a 1-year low of $18.93 and a 1-year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.08. On average, analysts anticipate that Nano Nuclear Energy will post -1.02 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Jiang Yu sold 700,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the chairman owned 8,224,000 shares in the company, valued at $219,416,320. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total value of $18,676,000.00. Following the sale, the insider owned 8,224,000 shares of the company’s stock, valued at approximately $219,416,320. The trade was a 7.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,616,981 shares of company stock valued at $43,096,346 over the last 90 days. Insiders own 32.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after buying an additional 400 shares during the period. Harbour Investments Inc. increased its position in Nano Nuclear Energy by 275.7% during the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock worth $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 during the third quarter worth approximately $48,000. Thurston Springer Miller Herd & Titak Inc. increased its position in 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 buying an additional 835 shares during the period. Finally, Ascentis Independent Advisors acquired a new position in Nano Nuclear Energy during the first quarter worth approximately $36,000.

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.