Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shot up 4% during mid-day trading on Monday . The stock traded as high as $37.20 and last traded at $36.71. 2,892,438 shares were traded during mid-day trading, a decline of 60% from the average session volume of 7,257,211 shares. The stock had previously closed at $35.29.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on NNE shares. Benchmark increased 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 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.
Check Out Our Latest Stock Report on NNE
Nano Nuclear Energy Price Performance
The company's 50 day simple moving average is $29.27 and its 200 day simple moving average is $20.78.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. Sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Trading of Nano Nuclear Energy
Several institutional investors and hedge funds have recently modified their holdings of NNE. Barclays PLC boosted its stake in Nano Nuclear Energy by 27.6% during the 4th quarter. Barclays PLC now owns 6,767 shares of the company's stock valued at $168,000 after acquiring an additional 1,463 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $1,876,000. Advisory Services Network LLC acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $504,000. Aster Capital Management DIFC Ltd acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $30,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Nano Nuclear Energy by 433.3% in the 4th quarter. Wells Fargo & Company MN now owns 37,106 shares of the company's stock worth $924,000 after purchasing an additional 30,148 shares in the last quarter.
Nano Nuclear Energy Company Profile
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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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