Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price was down 11.2% during mid-day trading on Thursday . The company traded as low as $25.10 and last traded at $26.84. Approximately 4,832,753 shares traded hands during trading, a decline of 2% from the average daily volume of 4,936,202 shares. The stock had previously closed at $30.24.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on NNE. Benchmark increased their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. HC Wainwright reiterated a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.
Get Our Latest Research Report on NNE
Nano Nuclear Energy Trading Down 11.2 %
The company has a fifty day moving average price of $25.17 and a 200 day moving average price of $19.08.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.08. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
Several institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI boosted its position in Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock valued at $10,505,000 after buying an additional 643,000 shares during the period. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $954,000. Virtu Financial LLC purchased a new stake in Nano Nuclear Energy during the 3rd quarter valued at about $933,000. State Street Corp bought a new position in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, XTX Topco Ltd purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $305,000.
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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