Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares were down 3.3% during trading on Wednesday . The stock traded as low as $27.23 and last traded at $27.69. Approximately 758,594 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 3,915,241 shares. The stock had previously closed at $28.62.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.
Get Our Latest Analysis on NNE
Nano Nuclear Energy Trading Up 0.0 %
The stock has a market capitalization of $1.00 billion and a P/E ratio of -65.80. The company has a 50-day moving average price of $30.47 and a 200 day moving average price of $23.14.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Nano Nuclear Energy during the 4th quarter worth $299,000. Ameriflex Group Inc. purchased a new position in Nano Nuclear Energy during the 4th quarter worth $29,000. Nuveen Asset Management LLC purchased a new position in Nano Nuclear Energy during the 4th quarter worth $4,544,000. Millennium Management LLC purchased a new position in Nano Nuclear Energy during the 4th quarter worth $1,253,000. Finally, Hudson Bay Capital Management LP purchased a new position in Nano Nuclear Energy during the 4th quarter worth $19,642,000.
Nano Nuclear Energy Company Profile
(
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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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