Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded down 2% during trading on Thursday . The stock traded as low as $26.56 and last traded at $27.24. 529,233 shares traded hands during trading, a decline of 86% from the average session volume of 3,857,144 shares. The stock had previously closed at $27.78.
Analyst Ratings Changes
Separately, HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
Get Our Latest Stock Analysis on NNE
Nano Nuclear Energy Stock Down 1.5 %
The business has a 50 day moving average price of $30.59 and a 200 day moving average price of $23.48. The stock has a market cap of $1.01 billion and a P/E ratio of -66.58.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. On average, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of institutional investors have recently modified their holdings of the stock. Anson Funds Management LP bought a new position in Nano Nuclear Energy in the fourth quarter worth approximately $20,746,000. Hudson Bay Capital Management LP bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth $19,642,000. Vanguard Group Inc. lifted its stake in shares of Nano Nuclear Energy by 2,838.5% during the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock worth $17,068,000 after purchasing an additional 662,287 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock valued at $10,505,000 after purchasing an additional 643,000 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in Nano Nuclear Energy in the fourth quarter valued at about $11,311,000.
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.
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