Nano Nuclear Energy Sees Unusually Large Options Volume (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 10,549 call options on the company. This is an increase of 55% compared to the typical volume of 6,824 call options.

Wall Street Analyst Weigh In

NNE has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, February 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Thursday, January 22nd. Finally, Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research note on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Insider Activity at Nano Nuclear Energy

In other Nano Nuclear Energy news, Chairman Jiang Yu sold 766,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $34.14, for a total transaction of $26,173,806.54. Following the completion of the transaction, the chairman owned 8,724,000 shares in the company, valued at $297,837,360. The trade was a 8.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Seth Jason Berl sold 3,664 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 3,836 shares in the company, valued at approximately $106,218.84. This represents a 48.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,049,664 shares of company stock worth $69,352,176 in the last three months. 32.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Nano Nuclear Energy

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its position in Nano Nuclear Energy by 635.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,194 shares of the company’s stock valued at $221,000 after acquiring an additional 7,944 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth $1,885,000. Invesco Ltd. lifted its stake in shares of Nano Nuclear Energy by 52.9% during the 4th quarter. Invesco Ltd. now owns 27,602 shares of the company’s stock worth $663,000 after purchasing an additional 9,547 shares during the last quarter. Regal Partners Ltd purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter worth $23,535,000. Finally, Millennium Management LLC boosted its position in Nano Nuclear Energy by 810.0% during the fourth quarter. Millennium Management LLC now owns 205,607 shares of the company’s stock valued at $4,937,000 after purchasing an additional 183,013 shares in the last quarter.

Nano Nuclear Energy Stock Up 6.8%

NASDAQ:NNE traded up $1.50 during mid-day trading on Tuesday, reaching $23.37. The company’s stock had a trading volume of 1,572,543 shares, compared to its average volume of 1,883,649. Nano Nuclear Energy has a 1 year low of $17.26 and a 1 year high of $60.87. The stock has a fifty day moving average of $23.86 and a 200-day moving average of $32.17. The firm has a market capitalization of $1.22 billion, a PE ratio of -21.62 and a beta of 7.25.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Tuesday, February 17th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.19. On average, analysts expect that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

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.