Nano Nuclear Energy (NASDAQ:NNE) Director Kenny Joe Yung Yu Sells 40,000 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Kenny Joe Yung Yu sold 40,000 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $32.43, for a total transaction of $1,297,200.00. Following the completion of the sale, the director owned 15,000 shares of the company’s stock, valued at approximately $486,450. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Nano Nuclear Energy Price Performance

Shares of NASDAQ NNE traded down $1.53 during midday trading on Tuesday, reaching $24.89. The company’s stock had a trading volume of 2,906,816 shares, compared to its average volume of 3,585,106. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87. The firm has a 50 day moving average price of $35.65 and a 200-day moving average price of $36.82. The stock has a market capitalization of $1.26 billion, a P/E ratio of -23.93 and a beta of 7.19.

Nano Nuclear Energy (NASDAQ:NNE) last issued 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. On average, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Hedge Funds Weigh In On Nano Nuclear Energy

Several large investors have recently modified their holdings of the business. US Bancorp DE raised its position in shares of Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares during the period. Rothschild Investment LLC boosted its holdings in Nano Nuclear Energy by 9.3% in the 2nd quarter. Rothschild Investment LLC now owns 6,655 shares of the company’s stock worth $230,000 after buying an additional 565 shares during the period. CWM LLC raised its holdings in Nano Nuclear Energy by 17.7% during the 3rd quarter. CWM LLC now owns 3,837 shares of the company’s stock valued at $148,000 after acquiring an additional 576 shares during the period. Swiss National Bank raised its holdings in Nano Nuclear Energy by 1.2% during the 3rd quarter. Swiss National Bank now owns 60,300 shares of the company’s stock valued at $2,325,000 after acquiring an additional 700 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Nano Nuclear Energy by 8.6% during the third quarter. Arizona State Retirement System now owns 9,179 shares of the company’s stock worth $354,000 after acquiring an additional 727 shares in 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.