Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price shot up 0.3% on Wednesday . The company traded as high as $25.36 and last traded at $24.90. 2,327,400 shares traded hands during trading, a decline of 31% from the average session volume of 3,382,454 shares. The stock had previously closed at $24.83.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on NNE shares. Benchmark upped their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th. HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.
Check Out Our Latest Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The stock's 50-day moving average is $24.22 and its 200-day moving average is $18.49.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $25,000. Barclays PLC bought a new stake in Nano Nuclear Energy in the third quarter valued at $76,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy in the second quarter valued at $250,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy during the third quarter worth $305,000. Finally, State Street Corp bought a new position in shares of Nano Nuclear Energy during the third quarter valued at $718,000.
About Nano Nuclear Energy
(
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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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