Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 5.8% during trading on Friday . The stock traded as low as $24.73 and last traded at $25.27. Approximately 1,358,657 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 4,312,994 shares. The stock had previously closed at $26.84.
Analyst Ratings Changes
NNE has been the subject of a number of recent research reports. Benchmark increased their target price on 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 set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.
Check Out Our Latest Report on NNE
Nano Nuclear Energy Price Performance
The firm's fifty day moving average price is $25.30 and its 200-day moving average price is $19.12.
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, beating the consensus estimate of ($0.16) by $0.08. Sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in NNE. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $25,000. Barclays PLC acquired a new position in Nano Nuclear Energy during the third quarter worth $76,000. Fulton Bank N.A. bought a new stake in Nano Nuclear Energy during the fourth quarter worth $213,000. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy in the second quarter valued at $250,000. Finally, XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $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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