Nano Nuclear Energy (NASDAQ:NNE) Upgraded to “Strong-Buy” at Roth Mkm

Roth Mkm upgraded shares of Nano Nuclear Energy (NASDAQ:NNE) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

NNE has been the topic of several other research reports. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Monday, June 8th. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a 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. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $46.50.

Nano Nuclear Energy Price Performance

Shares of NNE opened at $25.31 on Wednesday. The firm’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $27.22. The company has a market capitalization of $1.32 billion, a P/E ratio of -36.68 and a beta of 5.05. 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 issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. On average, equities analysts anticipate that Nano Nuclear Energy will post -1.02 earnings per share for the current year.

Insider Transactions at Nano Nuclear Energy

In other news, Director Seth Jason Berl sold 3,750 shares of Nano Nuclear Energy stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.92, for a total value of $93,450.00. Following the completion of the transaction, the director owned 7,586 shares of the company’s stock, valued at $189,043.12. The trade was a 33.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James John Walker sold 123,688 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $26.49, for a total value of $3,276,495.12. Following the completion of the transaction, the chief executive officer directly owned 555,000 shares of the company’s stock, valued at approximately $14,701,950. This trade represents a 18.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,616,981 shares of company stock worth $43,096,346 over the last quarter. Corporate insiders own 32.77% of the company’s stock.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of hedge funds have recently bought and sold shares of NNE. Van ECK Associates Corp increased its position in shares of Nano Nuclear Energy by 24.7% during the 4th quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock valued at $77,825,000 after purchasing an additional 643,070 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Nano Nuclear Energy by 27.4% during the 4th quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after purchasing an additional 486,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Nano Nuclear Energy by 11,676.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $38,224,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $38,224,000.

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.