Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded down 2% on Friday . The stock traded as low as $31.64 and last traded at $33.06. 2,247,505 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 6,950,124 shares. The stock had previously closed at $33.73.
Analyst Ratings Changes
A number of research analysts have recently issued reports 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, January 29th. Benchmark boosted 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.
Get Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 0.9 %
The stock has a market capitalization of $1.18 billion and a PE ratio of -77.56. The firm's fifty day moving average is $29.86 and its 200-day moving average is $21.44.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.09. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Nano Nuclear Energy by 19.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock worth $52,000 after purchasing an additional 331 shares during the period. New York State Common Retirement Fund acquired a new position in Nano Nuclear Energy during the fourth quarter worth about $30,000. Aster Capital Management DIFC Ltd purchased a new position in Nano Nuclear Energy in the fourth quarter valued at about $30,000. IFP Advisors Inc increased its holdings in Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after buying an additional 1,277 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Nano Nuclear Energy by 27.6% during the 4th quarter. Barclays PLC now owns 6,767 shares of the company's stock valued at $168,000 after acquiring an additional 1,463 shares during the period.
Nano Nuclear Energy Company Profile
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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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