Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) were up 5% on Tuesday . The stock traded as high as $24.95 and last traded at $22.68. Approximately 4,191,249 shares traded hands during trading, an increase of 38% from the average daily volume of 3,045,574 shares. The stock had previously closed at $21.60.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. HC Wainwright started coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a "buy" rating and a $50.00 price target on the stock. Benchmark upped their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Read Our Latest Analysis on NNE
Nano Nuclear Energy Stock Up 7.5 %
The stock's fifty day moving average price is $16.26.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. On average, analysts forecast that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,665 shares of the company's stock, valued at approximately $250,000.
Nano Nuclear Energy Company Profile
(
Get Free Report)
NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.
Further Reading
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
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
