Jaisun Garcha Sells 75,000 Shares of Nano Nuclear Energy (NASDAQ:NNE) Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CFO Jaisun Garcha sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $34.04, for a total transaction of $2,553,000.00. Following the completion of the transaction, the chief financial officer directly owned 250,000 shares in the company, valued at $8,510,000. This represents a 23.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nano Nuclear Energy Price Performance

Shares of NASDAQ:NNE traded down $2.71 during trading on Friday, reaching $29.40. 2,982,720 shares of the company were exchanged, compared to its average volume of 2,246,976. The business’s fifty day simple moving average is $32.28 and its 200-day simple moving average is $36.36. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87. The firm has a market capitalization of $1.48 billion, a PE ratio of -28.27 and a beta of 7.48.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Thursday, December 18th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.14. On average, sell-side analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NNE. Allworth Financial LP grew its position in shares of Nano Nuclear Energy by 9,043.7% during the 2nd quarter. Allworth Financial LP now owns 10,881 shares of the company’s stock valued at $375,000 after acquiring an additional 10,762 shares during the period. Exchange Traded Concepts LLC boosted its stake in Nano Nuclear Energy by 64.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 298,163 shares of the company’s stock worth $11,497,000 after purchasing an additional 116,387 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in Nano Nuclear Energy in the 2nd quarter worth approximately $544,000. SG Americas Securities LLC lifted its position in Nano Nuclear Energy by 549.0% during the third quarter. SG Americas Securities LLC now owns 33,408 shares of the company’s stock worth $1,288,000 after buying an additional 28,260 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new position in shares of Nano Nuclear Energy during the 2nd quarter worth $31,935,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NNE. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a report on Tuesday. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

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.