Nano Nuclear Energy (NASDAQ:NNE) Stock Rating Lowered by LADENBURG THALM/SH SH

LADENBURG THALM/SH SH cut shares of Nano Nuclear Energy (NASDAQ:NNE) from a buy rating to a sell rating in a research report report published on Monday, Marketbeat reports. They currently have $9.00 price target on the stock, down from their prior price target of $51.00.

A number of other research firms have also recently weighed in on NNE. Northland Securities started coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They issued an “outperform” rating and a $40.00 price objective for the company. Northland Capmk raised shares of Nano Nuclear Energy to a “strong-buy” rating in a report on Monday, July 7th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.25.

Nano Nuclear Energy Price Performance

NASDAQ NNE opened at $29.05 on Monday. The company has a market capitalization of $1.21 billion, a PE ratio of -31.24 and a beta of 7.15. The company has a fifty day moving average of $35.31 and a 200 day moving average of $30.35. Nano Nuclear Energy has a 1 year low of $6.52 and a 1 year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. Research analysts expect that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Institutional Trading of Nano Nuclear Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. North Capital Inc. purchased a new stake in shares of Nano Nuclear Energy during the first quarter worth about $26,000. Marshall Investment Management LLC purchased a new stake in shares of Nano Nuclear Energy during the first quarter worth about $27,000. Ameriflex Group Inc. purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth about $29,000. KBC Group NV purchased a new stake in shares of Nano Nuclear Energy during the first quarter worth about $31,000. Finally, Stone House Investment Management LLC purchased a new stake in Nano Nuclear Energy during the 1st quarter valued at about $40,000.

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.