Nano Nuclear Energy (NASDAQ:NNE) CEO Sells $753,000.00 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CEO James John Walker sold 25,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the chief executive officer owned 275,000 shares of the company’s stock, valued at approximately $8,283,000. This represents a 8.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nano Nuclear Energy Stock Performance

NNE stock traded down $1.53 on Tuesday, hitting $24.89. 2,906,816 shares of the company’s stock were exchanged, compared to its average volume of 3,585,106. The firm has a 50 day moving average price of $35.65 and a two-hundred day moving average price of $36.82. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87. The stock has a market cap of $1.26 billion, a P/E ratio of -23.93 and a beta of 7.19.

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

Wall Street Analysts Forecast Growth

NNE has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in Nano Nuclear Energy by 65.7% during the third quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after purchasing an additional 1,030,262 shares during the period. Vanguard Group Inc. raised its stake in shares of Nano Nuclear Energy by 40.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock valued at $68,547,000 after buying an additional 516,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Nano Nuclear Energy by 11,676.8% in 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 buying an additional 1,711,592 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Nano Nuclear Energy in the 2nd quarter valued at about $31,935,000. Finally, Geode Capital Management LLC boosted its stake in shares of Nano Nuclear Energy by 6.4% in the second quarter. Geode Capital Management LLC now owns 349,104 shares of the company’s stock worth $12,039,000 after buying an additional 20,899 shares during the last quarter.

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.