Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price traded down 2.6% on Tuesday . The stock traded as low as $26.20 and last traded at $26.50. 1,242,016 shares were traded during mid-day trading, a decline of 68% from the average session volume of 3,920,461 shares. The stock had previously closed at $27.20.
Analysts Set New Price Targets
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.
Read Our Latest Analysis on NNE
Nano Nuclear Energy Stock Performance
The company has a 50 day moving average price of $30.47 and a 200 day moving average price of $23.14. The company has a market capitalization of $1.00 billion and a price-to-earnings ratio of -65.80.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. Research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Trading of Nano Nuclear Energy
Several large investors have recently made changes to their positions in NNE. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $29,000. New York State Common Retirement Fund acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $30,000. Aster Capital Management DIFC Ltd acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $30,000. Finally, IFP Advisors Inc boosted its stake in Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after purchasing an additional 1,277 shares during the last quarter.
Nano Nuclear Energy Company Profile
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Get Free Report)
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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