Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares rose 6.3% on Monday . The company traded as high as $32.24 and last traded at $32.08. Approximately 1,148,239 shares changed hands during trading, a decline of 77% from the average daily volume of 5,052,126 shares. The stock had previously closed at $30.19.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
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Nano Nuclear Energy Stock Performance
The firm's fifty day simple moving average is $31.55 and its 200 day simple moving average is $24.96. The firm has a market cap of $1.03 billion and a P/E ratio of -67.98.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings data 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. On average, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of large investors have recently bought and sold shares of the business. Anson Funds Management LP purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at $20,746,000. Hudson Bay Capital Management LP purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $19,642,000. Vanguard Group Inc. increased its holdings in Nano Nuclear Energy by 2,838.5% during the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock worth $17,068,000 after purchasing an additional 662,287 shares during the period. Van ECK Associates Corp bought a new stake in Nano Nuclear Energy during the 4th quarter valued at $11,311,000. Finally, Nuveen Asset Management LLC bought a new position in shares of Nano Nuclear Energy during the 4th quarter worth $4,544,000.
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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