Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares traded down 3.5% during trading on Tuesday . The stock traded as low as $33.17 and last traded at $33.90. 1,953,776 shares traded hands during trading, a decline of 73% from the average session volume of 7,165,549 shares. The stock had previously closed at $35.11.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. HC Wainwright reissued a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark increased their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Get Our Latest Stock Report on NNE
Nano Nuclear Energy Stock Performance
The stock's fifty day moving average is $29.44 and its 200 day moving average is $20.87. The stock has a market cap of $1.19 billion and a P/E ratio of -79.24.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. Equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Trading of Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI increased its position in shares of 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 worth $10,505,000 after acquiring an additional 643,000 shares during the period. State Street Corp purchased a new position in Nano Nuclear Energy during the third quarter valued at approximately $718,000. XTX Topco Ltd purchased a new position in Nano Nuclear Energy during the third quarter valued at approximately $305,000. Barclays PLC purchased a new position in Nano Nuclear Energy during the third quarter valued at approximately $76,000. Finally, Geode Capital Management LLC purchased a new position in Nano Nuclear Energy during the third quarter valued at approximately $954,000.
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.
Further Reading
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
