Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 15% during mid-day trading on Monday . The stock traded as low as $21.10 and last traded at $21.80. Approximately 2,641,264 shares changed hands during trading, a decline of 38% from the average daily volume of 4,270,413 shares. The stock had previously closed at $25.66.
Analyst Ratings Changes
NNE has been the subject of a number of research analyst reports. Benchmark increased 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. HC Wainwright reaffirmed a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.
View Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Trading Up 6.9 %
The company has a fifty day simple moving average of $25.44 and a two-hundred day simple moving average of $19.03.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. As a group, equities analysts expect that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy in the third quarter valued at $25,000. Barclays PLC purchased a new position in shares of Nano Nuclear Energy during the third quarter worth about $76,000. Fulton Bank N.A. acquired a new position in Nano Nuclear Energy in the 4th quarter valued at about $213,000. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy during the 2nd quarter valued at approximately $250,000. Finally, XTX Topco Ltd acquired a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $305,000.
Nano Nuclear Energy Company Profile
(
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.
Recommended Stories
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
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
