Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price dropped 6.6% during trading on Wednesday . The stock traded as low as $28.40 and last traded at $29.54. Approximately 1,057,468 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 3,791,001 shares. The stock had previously closed at $31.63.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.
Get Our Latest Research Report on NNE
Nano Nuclear Energy Price Performance
The stock has a market cap of $992.44 million and a P/E ratio of -65.29. The firm's 50 day moving average price is $31.68 and its 200-day moving average price is $25.11.
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 for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Nano Nuclear Energy in the third quarter worth approximately $25,000. Ameriflex Group Inc. bought a new position in Nano Nuclear Energy in the fourth quarter worth approximately $29,000. New York State Common Retirement Fund purchased a new position in shares of Nano Nuclear Energy during the 4th quarter worth $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $30,000. Finally, IFP Advisors Inc increased its stake in shares of Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock worth $37,000 after purchasing an additional 1,277 shares in the last quarter.
About Nano Nuclear Energy
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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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