Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $30.24, but opened at $28.05. Nano Nuclear Energy shares last traded at $26.67, with a volume of 1,167,422 shares.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on NNE. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.
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Nano Nuclear Energy Stock Performance
The firm has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $18.98.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.08. On average, research analysts forecast that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth $25,000. Barclays PLC bought a new position in Nano Nuclear Energy in the third quarter valued at $76,000. Fulton Bank N.A. bought a new position in Nano Nuclear Energy in the fourth quarter valued at $213,000. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy during the second quarter valued at about $250,000. Finally, XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the third quarter worth about $305,000.
Nano Nuclear Energy Company Profile
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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.
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