Seth Jason Berl Sells 3,750 Shares of Nano Nuclear Energy (NASDAQ:NNE) Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Seth Jason Berl sold 3,750 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.92, for a total value of $93,450.00. Following the completion of the transaction, the director directly owned 7,586 shares of the company’s stock, valued at approximately $189,043.12. This trade represents a 33.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nano Nuclear Energy Stock Performance

Nano Nuclear Energy stock traded down $2.60 during midday trading on Friday, hitting $23.56. 3,839,828 shares of the company were exchanged, compared to its average volume of 2,182,100. The firm has a market capitalization of $1.23 billion, a PE ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a fifty-two week low of $18.93 and a fifty-two week high of $60.87. The business has a fifty day simple moving average of $24.62 and a two-hundred day simple moving average of $27.64.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. As a group, equities analysts expect that Nano Nuclear Energy Inc. will post -1.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in 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 worth $77,825,000 after buying an additional 643,070 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Nano Nuclear Energy by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after acquiring an additional 486,367 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Nano Nuclear Energy by 11,676.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock worth $66,564,000 after acquiring 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 fourth quarter worth approximately $38,224,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth approximately $38,224,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NNE. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.