Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shot up 2.7% on Wednesday . The company traded as high as $31.17 and last traded at $30.94. 467,811 shares were traded during mid-day trading, a decline of 88% from the average session volume of 3,821,005 shares. The stock had previously closed at $30.12.
Wall Street Analyst Weigh In
Separately, 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.
Get Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The business has a 50-day simple moving average of $30.96 and a 200 day simple moving average of $24.35. The firm has a market cap of $1.12 billion and a P/E ratio of -73.63.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. On average, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NNE. Anson Funds Management LP bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth approximately $20,746,000. Hudson Bay Capital Management LP bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth approximately $19,642,000. Vanguard Group Inc. grew its stake in shares of Nano Nuclear Energy by 2,838.5% in the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock worth $17,068,000 after buying an additional 662,287 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $11,311,000. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $4,544,000.
Nano Nuclear Energy Company Profile
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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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