Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price fell 11.5% during trading on Monday . The stock traded as low as $17.77 and last traded at $17.58. 578,550 shares changed hands during trading, a decline of 84% from the average session volume of 3,639,885 shares. The stock had previously closed at $19.86.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Monday, March 31st.
Check Out Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 2.3 %
The company has a market cap of $834.85 million and a P/E ratio of -54.90. The stock's 50 day moving average is $26.26 and its 200-day moving average is $26.26.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. As a group, sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNE. Central Asset Investments & Management Holdings HK Ltd bought a new position in Nano Nuclear Energy during the 4th quarter valued at about $774,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at about $200,000. Canal Insurance CO purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $622,000. State Street Corp purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $718,000. Finally, LPL Financial LLC bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $2,596,000.
Nano Nuclear Energy Company Profile
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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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