Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares fell 3.7% on Monday . The stock traded as low as $31.64 and last traded at $32.49. 4,339,307 shares were traded during mid-day trading, a decline of 43% from the average session volume of 7,666,370 shares. The stock had previously closed at $33.73.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NNE. Benchmark increased their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
Get Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 5.5 %
The company has a market cap of $1.07 billion and a PE ratio of -70.59. The company's 50 day moving average is $30.16 and its 200 day moving average is $21.57.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. Analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in Nano Nuclear Energy during the 4th quarter worth about $200,000. Canal Insurance CO bought a new position in Nano Nuclear Energy during the 4th quarter worth about $622,000. State Street Corp bought a new position in Nano Nuclear Energy during the 3rd quarter worth about $718,000. Powell Investment Advisors LLC bought a new position in Nano Nuclear Energy during the 4th quarter worth about $602,000. Finally, Virtu Financial LLC bought a new position in Nano Nuclear Energy during the 3rd quarter worth about $933,000.
Nano Nuclear Energy Company Profile
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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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