Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 2.4% during mid-day trading on Thursday . The stock traded as low as $27.33 and last traded at $28.08. Approximately 551,804 shares traded hands during trading, a decline of 86% from the average daily volume of 3,903,781 shares. The stock had previously closed at $28.77.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reissued a "buy" rating and set a $50.00 target price 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 Performance
The firm's 50 day moving average price is $30.47 and its 200-day moving average price is $23.14. The firm has a market capitalization of $1.00 billion and a PE ratio of -65.80.
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 for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. On average, equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
Several institutional investors have recently modified their holdings of NNE. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy in the third quarter worth $25,000. Ameriflex Group Inc. acquired a new position in shares of Nano Nuclear Energy in the fourth quarter worth $29,000. New York State Common Retirement Fund acquired a new position in shares of Nano Nuclear Energy in the fourth quarter worth $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter worth $30,000. Finally, IFP Advisors Inc lifted its position in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock worth $37,000 after purchasing an additional 1,277 shares during the last quarter.
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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