Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price dropped 5.4% on Monday . The company traded as low as $24.43 and last traded at $25.52. Approximately 830,920 shares changed hands during trading, a decline of 79% from the average daily volume of 3,884,262 shares. The stock had previously closed at $26.98.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.
Get Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The company has a market capitalization of $1.02 billion and a P/E ratio of -67.15. The company has a 50-day simple moving average of $30.53 and a 200 day simple moving average of $23.45.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
Several hedge funds have recently made changes to their positions in the stock. Anson Funds Management LP acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $20,746,000. Hudson Bay Capital Management LP bought a new position in Nano Nuclear Energy in the fourth quarter worth $19,642,000. Vanguard Group Inc. lifted its position in Nano Nuclear Energy by 2,838.5% in the fourth 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. Citizens Financial Group Inc. RI boosted its stake in Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after buying an additional 643,000 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in Nano Nuclear Energy in the 4th quarter valued at $11,311,000.
About Nano Nuclear Energy
(
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.
Further Reading
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