Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 10.4% on Monday . The company traded as low as $23.82 and last traded at $24.12. Approximately 1,500,342 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 3,378,800 shares. The stock had previously closed at $26.92.
Analyst Ratings Changes
A number of research analysts have recently commented on NNE shares. HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark increased their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.
View Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 7.8 %
The business has a 50-day moving average of $24.10 and a two-hundred day moving average of $18.34.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. On average, analysts forecast that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
Several institutional investors have recently modified their holdings of NNE. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy during the 3rd quarter worth about $25,000. Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the third quarter worth approximately $76,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy in the second quarter valued at approximately $250,000. XTX Topco Ltd acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $305,000. Finally, State Street Corp bought a new position in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000.
Nano Nuclear Energy Company Profile
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NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.
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