Nano Nuclear Energy (NASDAQ:NNE) Director Diane Elizabeth Hare Sells 20,000 Shares of Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Diane Elizabeth Hare sold 20,000 shares of Nano Nuclear Energy stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $28.70, for a total value of $574,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diane Elizabeth Hare also recently made the following trade(s):

• On Tuesday, December 23rd, Diane Elizabeth Hare sold 20,000 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $32.43, for a total value of $648,600.00.

Nano Nuclear Energy Trading Up 3.1%

Shares of NNE opened at $31.92 on Wednesday. The firm has a market cap of $1.61 billion, a P/E ratio of -30.69 and a beta of 7.48. Nano Nuclear Energy Inc. has a 12 month low of $17.26 and a 12 month high of $60.87. The stock’s 50 day moving average is $33.81 and its two-hundred day moving average is $36.47.

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

Hedge Funds Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Nano Nuclear Energy by 441.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 74,009 shares of the company’s stock valued at $2,854,000 after acquiring an additional 60,336 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Nano Nuclear Energy by 102.1% during the 3rd quarter. IFP Advisors Inc now owns 8,342 shares of the company’s stock worth $322,000 after purchasing an additional 4,214 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $48,000. NewEdge Advisors LLC grew its position in shares of Nano Nuclear Energy by 6.5% in the third quarter. NewEdge Advisors LLC now owns 63,377 shares of the company’s stock valued at $2,444,000 after purchasing an additional 3,882 shares in the last quarter. Finally, Scientech Research LLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $1,113,000.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

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.