Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price was down 15% during trading on Monday . The company traded as low as $21.10 and last traded at $21.80. Approximately 2,641,264 shares traded hands during trading, a decline of 38% from the average daily volume of 4,270,413 shares. The stock had previously closed at $25.66.
Wall Street Analysts Forecast Growth
NNE has been the subject of several research reports. HC Wainwright reissued a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.
Read Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 20.5 %
The business has a 50-day moving average of $25.37 and a 200-day moving average of $19.04.
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, beating analysts' consensus estimates of ($0.16) by $0.08. Equities analysts forecast that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.
Institutional Trading of Nano Nuclear Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy in the third quarter worth about $25,000. Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $76,000. Fulton Bank N.A. acquired a new position in shares of Nano Nuclear Energy in the 4th quarter worth approximately $213,000. Commonwealth Equity Services LLC bought a new position in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. Finally, XTX Topco Ltd acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at $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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