Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) rose 6.7% during mid-day trading on Wednesday . The stock traded as high as $23.50 and last traded at $22.81. Approximately 1,906,575 shares changed hands during trading, a decline of 58% from the average daily volume of 4,494,127 shares. The stock had previously closed at $21.38.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark lifted their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.
Get Our Latest Report on NNE
Nano Nuclear Energy Stock Up 6.9 %
The business's fifty day moving average price is $25.44 and its 200 day moving average price is $19.03.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. On average, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.
Institutional Investors Weigh In On Nano Nuclear Energy
Several hedge funds have recently modified their holdings of the company. Citizens Financial Group Inc. RI increased its holdings in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after purchasing an additional 643,000 shares in the last quarter. Geode Capital Management LLC bought a new position in Nano Nuclear Energy in the 3rd quarter valued at approximately $954,000. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $933,000. State Street Corp bought a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $305,000.
About Nano Nuclear Energy
(
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
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
