Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares dropped 0.8% on Thursday . The company traded as low as $22.39 and last traded at $22.66. Approximately 1,560,406 shares changed hands during trading, a decline of 65% from the average daily volume of 4,436,015 shares. The stock had previously closed at $22.85.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. HC Wainwright reiterated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark increased their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.
Get Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Trading Up 5.6 %
The stock's 50 day simple moving average is $25.55 and its 200 day simple moving average is $19.08.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.08. On average, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of NNE. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy in the 3rd quarter worth about $25,000. Barclays PLC bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $76,000. Fulton Bank N.A. bought a new stake in Nano Nuclear Energy in the 4th quarter valued at about $213,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy in the 2nd quarter valued at about $250,000. Finally, XTX Topco Ltd bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $305,000.
About Nano Nuclear Energy
(
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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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