Nano Nuclear Energy's (NNE) Buy Rating Reaffirmed at HC Wainwright

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $50.00 price objective on the stock. HC Wainwright's price objective indicates a potential upside of 85.94% from the stock's current price.

Separately, Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Stock Up 3.3 %

NNE stock traded up $0.87 during mid-day trading on Wednesday, reaching $26.89. 3,771,787 shares of the stock traded hands, compared to its average volume of 3,307,809. The business has a 50-day moving average of $19.57 and a two-hundred day moving average of $14.90. Nano Nuclear Energy has a 52 week low of $3.25 and a 52 week high of $37.51.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors have recently added to or reduced their stakes in NNE. Citizens Financial Group Inc. RI boosted its holdings in shares of Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after acquiring an additional 643,000 shares in the last quarter. Geode Capital Management LLC bought a new position in Nano Nuclear Energy in the 3rd quarter valued at $954,000. Virtu Financial LLC acquired a new position in Nano Nuclear Energy in the third quarter worth $933,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy during the third quarter worth $718,000. Finally, XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy in the third quarter valued at about $305,000.

About Nano Nuclear Energy

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.