Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 3.2% on Tuesday . The company traded as low as $32.64 and last traded at $32.20. Approximately 3,376,737 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 6,939,480 shares. The stock had previously closed at $33.26.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on NNE. Benchmark raised 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 report on Thursday, November 7th. HC Wainwright reiterated a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday.
Read Our Latest Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The company has a 50 day simple moving average of $27.93 and a 200 day simple moving average of $19.77.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. As a group, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in NNE. Citizens Financial Group Inc. RI lifted its position in Nano Nuclear Energy by 747.7% in 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 during the period. Van ECK Associates Corp acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $11,311,000. Perigon Wealth Management LLC purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $2,564,000. Geode Capital Management LLC acquired a new position in Nano Nuclear Energy during the third quarter worth $954,000. Finally, Virtu Financial LLC purchased a new position in Nano Nuclear Energy in the third quarter worth $933,000.
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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