Nano Nuclear Energy (NASDAQ:NNE) Shares Down 2.6% - Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price fell 2.6% during trading on Tuesday . The stock traded as low as $26.20 and last traded at $26.50. 1,242,016 shares were traded during trading, a decline of 68% from the average session volume of 3,920,461 shares. The stock had previously closed at $27.20.

Analysts Set New Price Targets

Several research firms have recently commented on NNE. Benchmark boosted their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th. HC Wainwright reissued a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Stock Up 0.0 %

The firm has a market capitalization of $1.00 billion and a price-to-earnings ratio of -65.80. The business's fifty day moving average is $30.47 and its 200 day moving average is $23.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. Equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

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Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Nano Nuclear Energy by 19.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock valued at $52,000 after buying an additional 331 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Nano Nuclear Energy during the fourth quarter worth about $29,000. New York State Common Retirement Fund purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. Finally, IFP Advisors Inc grew its stake in Nano Nuclear Energy by 638.5% during the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after acquiring an additional 1,277 shares in the last quarter.

Nano Nuclear Energy Company Profile

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.