Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares traded up 2% during mid-day trading on Monday . The stock traded as high as $31.66 and last traded at $30.87. 1,008,042 shares changed hands during trading, a decline of 74% from the average session volume of 3,842,021 shares. The stock had previously closed at $30.26.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.
Read Our Latest Stock Analysis on NNE
Nano Nuclear Energy Stock Down 1.1 %
The firm has a market cap of $1.15 billion and a price-to-earnings ratio of -75.41. The company's 50-day moving average price is $30.87 and its 200-day moving average price is $24.21.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. On average, sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
Large investors have recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth approximately $29,000. New York State Common Retirement Fund purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth approximately $30,000. IFP Advisors Inc increased its stake in shares of Nano Nuclear Energy by 638.5% during the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock worth $37,000 after buying an additional 1,277 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth approximately $25,000.
About Nano Nuclear Energy
(
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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