Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares traded up 1.2% on Wednesday . The stock traded as high as $29.82 and last traded at $27.85. 891,553 shares were traded during mid-day trading, a decline of 77% from the average session volume of 3,868,571 shares. The stock had previously closed at $27.53.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.
Get Our Latest Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The company's 50-day moving average is $30.68 and its 200-day moving average is $23.51. The firm has a market cap of $1.10 billion and a price-to-earnings ratio of -72.22.
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, analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Trading of Nano Nuclear Energy
Institutional investors and hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Nano Nuclear Energy during the 4th quarter worth approximately $299,000. Ameriflex Group Inc. bought a new position in shares of Nano Nuclear Energy during the 4th quarter worth approximately $29,000. Nuveen Asset Management LLC acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $4,544,000. Millennium Management LLC acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $1,253,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $19,642,000.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nano Nuclear Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nano Nuclear Energy wasn't on the list.
While Nano Nuclear Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
