Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price shot up 0.8% during mid-day trading on Thursday . The company traded as high as $31.85 and last traded at $29.87. 2,235,407 shares changed hands during trading, a decline of 64% from the average session volume of 6,248,249 shares. The stock had previously closed at $29.64.
Analyst Ratings Changes
Several research firms have weighed in on NNE. Benchmark increased their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.
Read Our Latest Stock Analysis on NNE
Nano Nuclear Energy Price Performance
The stock has a market capitalization of $1.07 billion and a P/E ratio of -70.22. The company has a 50 day simple moving average of $30.50 and a 200-day simple moving average of $22.60.
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, topping analysts' consensus estimates of ($0.18) by $0.09. As a group, equities analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NNE. JPMorgan Chase & Co. purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth $25,000. Ameriflex Group Inc. purchased a new position in Nano Nuclear Energy in the fourth quarter worth about $29,000. New York State Common Retirement Fund purchased a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. Finally, IFP Advisors Inc boosted its holdings in shares of 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 purchasing an additional 1,277 shares during the period.
Nano Nuclear Energy Company Profile
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Get Free Report)
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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