Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 1% on Tuesday . The stock traded as low as $36.55 and last traded at $37.70. Approximately 3,192,731 shares traded hands during trading, a decline of 55% from the average daily volume of 7,160,895 shares. The stock had previously closed at $38.10.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on NNE shares. Benchmark lifted their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. HC Wainwright reiterated a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
Get Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Trading Up 5.2 %
The firm has a fifty day simple moving average of $28.70 and a 200-day simple moving average of $20.21.
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. Equities analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Trading of Nano Nuclear Energy
A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $25,000. New York State Common Retirement Fund acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $30,000. IFP Advisors Inc boosted its stake in shares of Nano Nuclear Energy by 638.5% during the 4th 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. SBI Securities Co. Ltd. acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $66,000. Finally, Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $76,000.
About Nano Nuclear Energy
(
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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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