Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price traded up 1.4% during mid-day trading on Wednesday . The stock traded as high as $33.47 and last traded at $32.65. 1,940,277 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 7,076,015 shares. The stock had previously closed at $32.20.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NNE. HC Wainwright reiterated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th. Benchmark increased their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th.
Get Our Latest Stock Analysis on NNE
Nano Nuclear Energy Stock Performance
The company's 50 day moving average price is $29.55 and its 200 day moving average price is $21.13.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.09. Research 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 modified their holdings of the business. Citizens Financial Group Inc. RI raised its stake in shares of Nano Nuclear Energy by 747.7% in the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock valued at $10,505,000 after purchasing an additional 643,000 shares in the last quarter. State Street Corp bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy during the third quarter worth $305,000. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at $76,000. Finally, Geode Capital Management LLC bought a new position in Nano Nuclear Energy during the 3rd quarter valued at about $954,000.
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.
Read More
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
