Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) were down 1.5% on Thursday . The stock traded as low as $33.50 and last traded at $34.10. Approximately 2,013,970 shares were traded during trading, a decline of 71% from the average daily volume of 7,030,479 shares. The stock had previously closed at $34.62.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on NNE shares. HC Wainwright reissued a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th.
Read Our Latest Report on NNE
Nano Nuclear Energy Stock Performance
The business's 50 day moving average price is $29.55 and its 200 day moving average price is $21.06.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.09. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its position in Nano Nuclear Energy by 31.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 51,017 shares of the company's stock worth $1,270,000 after acquiring an additional 12,060 shares during the last quarter. Gallo Partners LP acquired a new position in Nano Nuclear Energy in the 4th quarter valued at about $433,000. Northern Trust Corp boosted its holdings in Nano Nuclear Energy by 29.8% in the 4th quarter. Northern Trust Corp now owns 25,682 shares of the company's stock valued at $639,000 after purchasing an additional 5,897 shares during the last quarter. MGO One Seven LLC acquired a new position in Nano Nuclear Energy in the 4th quarter valued at about $366,000. Finally, Sharpepoint LLC acquired a new position in Nano Nuclear Energy in the 4th quarter valued at about $289,000.
About Nano Nuclear Energy
(
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.
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