Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded down 3.7% on Tuesday . The company traded as low as $23.34 and last traded at $23.90. 931,365 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 3,373,110 shares. The stock had previously closed at $24.83.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on NNE shares. Benchmark raised their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. HC Wainwright restated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.
Get Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The stock has a 50 day moving average of $24.10 and a 200 day moving average of $18.34.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.08. On average, analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy during the second quarter valued at about $250,000. Citizens Financial Group Inc. RI bought a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth about $2,016,000. State Street Corp acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $718,000. XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $305,000. Finally, Barclays PLC bought a new stake in Nano Nuclear Energy during the third quarter worth approximately $76,000.
About Nano Nuclear Energy
(
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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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