Nano Nuclear Energy (NASDAQ:NNE) Research Coverage Started at Alliance Global Partners

Alliance Global Partners started coverage on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $46.00 target price on the stock.

Several other research analysts have also commented on NNE. Truist Financial assumed coverage on Nano Nuclear Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $22.00 target price for the company. Roth Capital started coverage on shares of Nano Nuclear Energy in a research note on Wednesday, June 17th. They set a “buy” rating and a $45.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Friday, July 17th. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Finally, Wall Street Zen lowered shares of Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.75.

Nano Nuclear Energy Stock Performance

Nano Nuclear Energy stock opened at $14.88 on Monday. The firm has a market capitalization of $774.95 million, a PE ratio of -21.57 and a beta of 5.27. Nano Nuclear Energy has a one year low of $14.71 and a one year high of $60.87. The stock’s 50 day moving average price is $22.17 and its 200 day moving average price is $24.66.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.08. On average, analysts forecast that Nano Nuclear Energy will post -0.93 earnings per share for the current fiscal year.

Insider Activity at Nano Nuclear Energy

In other news, major shareholder I Financial Ventures Group Llc sold 700,000 shares of Nano Nuclear Energy stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the transaction, the insider directly owned 8,224,000 shares in the company, valued at approximately $219,416,320. This trade represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Jiang Yu sold 700,000 shares of Nano Nuclear Energy stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $26.68, for a total value of $18,676,000.00. Following the transaction, the chairman directly owned 8,224,000 shares in the company, valued at approximately $219,416,320. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,616,981 shares of company stock worth $43,096,346 in the last ninety days. 32.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Nano Nuclear Energy

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of Nano Nuclear Energy by 24.7% in the fourth quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock worth $77,825,000 after purchasing an additional 643,070 shares in the last quarter. Vanguard Group Inc. grew its position in Nano Nuclear Energy by 27.4% during the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Nano Nuclear Energy by 11,676.8% during the third 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 in the last quarter. Weiss Asset Management LP acquired a new position in Nano Nuclear Energy in the 4th quarter valued at approximately $38,224,000. Finally, Ghisallo Capital Management LLC acquired a new position in Nano Nuclear Energy in the 4th quarter valued at approximately $38,224,000.

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.