Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares fell 1.4% on Tuesday . The company traded as low as $32.17 and last traded at $32.02. 1,976,952 shares were traded during trading, a decline of 71% from the average session volume of 6,858,030 shares. The stock had previously closed at $32.49.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NNE. HC Wainwright reissued a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.
Get Our Latest Research Report on NNE
Nano Nuclear Energy Trading Down 5.5 %
The stock has a market cap of $1.07 billion and a price-to-earnings ratio of -70.59. The stock's 50-day moving average price is $30.16 and its 200-day moving average price is $21.57.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.09. As a group, analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI lifted its position in shares of Nano Nuclear Energy by 23.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock worth $22,406,000 after purchasing an additional 171,000 shares during the period. Anson Funds Management LP acquired a new position in shares of Nano Nuclear Energy during the 4th quarter valued at $20,746,000. Hudson Bay Capital Management LP acquired a new position in shares of Nano Nuclear Energy during the 4th quarter valued at $19,642,000. Vanguard Group Inc. lifted its position in shares of Nano Nuclear Energy by 2,838.5% during the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock valued at $17,068,000 after acquiring an additional 662,287 shares during the period. Finally, Van ECK Associates Corp acquired a new position in shares of Nano Nuclear Energy during the 4th quarter valued at $11,311,000.
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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