Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) rose 5.6% during trading on Wednesday . The company traded as high as $39.10 and last traded at $39.13. Approximately 3,142,621 shares traded hands during trading, a decline of 55% from the average daily volume of 7,061,957 shares. The stock had previously closed at $37.07.
Analysts Set New Price Targets
A number of analysts have weighed in on NNE shares. HC Wainwright restated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th. Benchmark increased their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Get Our Latest Analysis on NNE
Nano Nuclear Energy Price Performance
The firm's fifty day moving average price is $28.85 and its 200-day moving average price is $20.42.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued 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. Sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Hedge Funds Weigh In On Nano Nuclear Energy
Institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund purchased a new position in Nano Nuclear Energy during the 4th quarter worth $30,000. IFP Advisors Inc grew its holdings in shares of Nano Nuclear Energy by 638.5% during the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock worth $37,000 after buying an additional 1,277 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy in the 3rd quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in Nano Nuclear Energy during the 4th quarter valued at approximately $66,000. Finally, Rothschild Investment LLC acquired a new stake in Nano Nuclear Energy during the 4th quarter worth approximately $85,000.
Nano Nuclear Energy Company Profile
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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.
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