Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $30.24 and last traded at $32.09. 2,694,935 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 4,292,731 shares. The stock had previously closed at $32.56.
Analysts Set New Price Targets
Several research analysts have recently commented on NNE shares. Benchmark raised their price target 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. HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.
View Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 7.1 %
The stock's fifty day simple moving average is $24.71 and its 200-day simple moving average is $18.87.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings data 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. Equities analysts predict that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
Several institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI lifted its stake in Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after purchasing an additional 643,000 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Nano Nuclear Energy during the third quarter worth approximately $954,000. Virtu Financial LLC purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $933,000. State Street Corp acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $718,000. Finally, XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $305,000.
Nano Nuclear Energy Company Profile
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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.
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