Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shot up 5.7% during mid-day trading on Friday . The company traded as high as $29.64 and last traded at $29.13. 1,698,439 shares were traded during trading, a decline of 73% from the average session volume of 6,176,246 shares. The stock had previously closed at $27.55.
Analyst Ratings Changes
NNE has been the subject of a number of recent analyst reports. HC Wainwright reissued a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th. Benchmark raised their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.
Get Our Latest Research Report on NNE
Nano Nuclear Energy Price Performance
The stock's fifty day simple moving average is $30.50 and its 200-day simple moving average is $22.60. The firm has a market cap of $1.01 billion and a PE ratio of -66.27.
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 for the quarter, topping the consensus estimate of ($0.18) by $0.09. Analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $29,000. New York State Common Retirement Fund purchased a new stake in Nano Nuclear Energy in the 4th quarter worth approximately $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $30,000. Finally, IFP Advisors Inc increased its holdings in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after purchasing an additional 1,277 shares in the last quarter.
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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