Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) fell 16.4% on Wednesday . The stock traded as low as $25.10 and last traded at $25.28. 2,551,448 shares changed hands during trading, a decline of 42% from the average session volume of 4,427,847 shares. The stock had previously closed at $30.24.
Wall Street Analyst Weigh In
Several research firms have commented on NNE. Benchmark lifted 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 reaffirmed a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.
Read Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The business has a 50-day simple moving average of $25.02 and a two-hundred day simple moving average of $19.03.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping 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 fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of large investors have recently made changes to their positions in NNE. JPMorgan Chase & Co. purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $25,000. Barclays PLC purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Fulton Bank N.A. purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $213,000. Commonwealth Equity Services LLC purchased a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. Finally, XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $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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