Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares dropped 1% on Tuesday . The company traded as low as $36.55 and last traded at $37.70. Approximately 3,192,731 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 7,160,895 shares. The stock had previously closed at $38.10.
Wall Street Analyst Weigh In
NNE has been the topic of several research reports. Benchmark raised their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. HC Wainwright reaffirmed a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
View Our Latest Stock Analysis on NNE
Nano Nuclear Energy Stock Up 5.1 %
The stock's fifty day moving average price is $28.85 and its two-hundred day moving average price is $20.38.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. On average, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Trading of Nano Nuclear Energy
A number of institutional investors have recently made changes to their positions in NNE. Citizens Financial Group Inc. RI raised its holdings in Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock valued at $10,505,000 after buying an additional 643,000 shares during the last quarter. State Street Corp bought a new position in shares of Nano Nuclear Energy during the third quarter valued at about $718,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth about $305,000. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the third quarter worth about $76,000. Finally, Geode Capital Management LLC purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at about $954,000.
About Nano Nuclear Energy
(
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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.
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