Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded down 8.6% on Monday . The company traded as low as $20.75 and last traded at $20.86. 1,940,147 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 3,023,344 shares. The stock had previously closed at $22.82.
Analysts Set New Price Targets
A number of research analysts recently commented on NNE shares. HC Wainwright started coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a "buy" rating and a $50.00 price target for the company. Benchmark raised their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday.
Check Out Our Latest Analysis on NNE
Nano Nuclear Energy Trading Down 6.7 %
The firm's 50 day simple moving average is $16.03.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. As a group, equities analysts predict that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,665 shares of the company's stock, valued at approximately $250,000.
Nano Nuclear Energy Company Profile
(
Get Free Report)
NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nano Nuclear Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nano Nuclear Energy wasn't on the list.
While Nano Nuclear Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
