Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares fell 2.6% on Thursday . The company traded as low as $23.63 and last traded at $24.26. 718,306 shares were traded during trading, a decline of 79% from the average session volume of 3,382,454 shares. The stock had previously closed at $24.90.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.
Read Our Latest Research Report on NNE
Nano Nuclear Energy Price Performance
The stock's 50-day moving average price is $24.34 and its two-hundred day moving average price is $18.53.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.08. As a group, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in 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 worth approximately $76,000. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy during the 2nd quarter valued at $250,000. XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at $305,000. Finally, State Street Corp purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth $718,000.
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.
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