Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price shot up 8.5% on Thursday after Benchmark raised their price target on the stock from $39.00 to $66.00. Benchmark currently has a buy rating on the stock. Nano Nuclear Energy traded as high as $20.88 and last traded at $20.67. 1,814,614 shares changed hands during trading, a decline of 39% from the average session volume of 2,983,300 shares. The stock had previously closed at $19.05.
Separately, HC Wainwright began coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a "buy" rating and a $50.00 price objective for the company.
Read Our Latest Research Report on NNE
Institutional Trading of Nano Nuclear Energy
A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,665 shares of the company's stock, valued at approximately $250,000.
Nano Nuclear Energy Trading Up 13.9 %
The company's 50 day simple moving average is $15.56.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. Analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.
About Nano Nuclear Energy
(
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
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
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
