Nano Nuclear Energy (NASDAQ:NNE) Shares Up 5.6% - What's Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price shot up 5.6% during trading on Wednesday . The stock traded as high as $39.10 and last traded at $39.13. 3,142,621 shares were traded during trading, a decline of 55% from the average session volume of 7,061,957 shares. The stock had previously closed at $37.07.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Benchmark raised their price target 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 reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.

Nano Nuclear Energy Stock Up 5.1 %

The company's 50 day simple moving average is $28.85 and its 200 day simple moving average is $20.35.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.08. On average, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

Several institutional investors have recently added to or reduced their stakes in NNE. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $25,000. New York State Common Retirement Fund bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. IFP Advisors Inc boosted its stake in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock worth $37,000 after acquiring an additional 1,277 shares during the period. SBI Securities Co. Ltd. bought a new stake in Nano Nuclear Energy in the 4th quarter valued at $66,000. Finally, Barclays PLC bought a new position in Nano Nuclear Energy during the third quarter worth $76,000.

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.