Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares rose 1.4% during trading on Wednesday . The company traded as high as $33.47 and last traded at $32.65. Approximately 1,940,277 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 7,076,015 shares. The stock had previously closed at $32.20.
Analysts Set New Price Targets
NNE has been the topic of a number of recent research reports. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
View Our Latest Report on NNE
Nano Nuclear Energy Stock Down 3.7 %
The company has a fifty day moving average of $29.55 and a 200-day moving average of $21.00.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings data 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. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI raised its stake in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after buying an additional 643,000 shares in the last quarter. State Street Corp acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at $718,000. XTX Topco Ltd acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at $305,000. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth $76,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth $954,000.
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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