Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares traded down 4.4% during mid-day trading on Wednesday . The stock traded as low as $24.62 and last traded at $24.81. 977,866 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 3,748,325 shares. The stock had previously closed at $25.96.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, March 31st.
Read Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
The company has a fifty day moving average of $29.78 and a two-hundred day moving average of $25.87. The stock has a market capitalization of $838.59 million and a P/E ratio of -55.17.
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. As a group, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of NNE. Anson Funds Management LP acquired a new stake in Nano Nuclear Energy during the fourth quarter worth about $20,746,000. Hudson Bay Capital Management LP bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $19,642,000. Vanguard Group Inc. raised its position in shares of Nano Nuclear Energy by 2,838.5% during the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock worth $17,068,000 after purchasing an additional 662,287 shares during the period. Van ECK Associates Corp bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $11,311,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $4,544,000.
Nano Nuclear Energy Company Profile
(
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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