Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) fell 3.3% on Wednesday . The company traded as low as $27.23 and last traded at $27.69. 758,594 shares changed hands during trading, a decline of 81% from the average session volume of 3,915,241 shares. The stock had previously closed at $28.62.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
Check Out Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
The company has a market capitalization of $1.00 billion and a PE ratio of -65.80. The company's 50 day simple moving average is $30.47 and its 200 day simple moving average is $23.14.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.09. On average, equities analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
Several hedge funds have recently modified their holdings of the stock. Anson Funds Management LP acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at $20,746,000. Hudson Bay Capital Management LP purchased a new stake in Nano Nuclear Energy during the 4th quarter worth about $19,642,000. Vanguard Group Inc. grew its holdings in Nano Nuclear Energy by 2,838.5% in the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock valued at $17,068,000 after buying an additional 662,287 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock valued at $10,505,000 after buying an additional 643,000 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in Nano Nuclear Energy in the 4th 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.
Read More
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
