Nano Nuclear Energy (NASDAQ:NNE) Director Diane Elizabeth Hare Sells 3,428 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Diane Elizabeth Hare sold 3,428 shares of Nano Nuclear Energy stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $26.64, for a total value of $91,321.92. Following the completion of the transaction, the director owned 3,428 shares in the company, valued at approximately $91,321.92. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Price Performance

Shares of NNE stock traded down $2.60 on Friday, hitting $23.56. 3,839,828 shares of the company’s stock were exchanged, compared to its average volume of 2,182,100. The company has a 50 day moving average of $24.62 and a 200 day moving average of $27.64. The stock has a market cap of $1.23 billion, a P/E ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a 12 month low of $18.93 and a 12 month high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.08. Sell-side analysts predict that Nano Nuclear Energy Inc. will post -1.02 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently bought and sold shares of NNE. US Bancorp DE raised its position in Nano Nuclear Energy by 51.9% during the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the last quarter. Harbour Investments Inc. grew its position in shares of Nano Nuclear Energy by 275.7% in the 4th quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock valued at $28,000 after buying an additional 863 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $48,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Nano Nuclear Energy by 165.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock valued at $32,000 after buying an additional 835 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of Nano Nuclear Energy in the first quarter valued at about $36,000.

Wall Street Analyst Weigh In

NNE has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.