Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) was up 0.8% on Thursday . The stock traded as high as $31.85 and last traded at $29.87. Approximately 2,235,407 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 6,248,249 shares. The stock had previously closed at $29.64.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on NNE shares. HC Wainwright reissued a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th. Benchmark lifted their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, November 7th.
View Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
The company has a 50 day simple moving average of $30.50 and a 200-day simple moving average of $22.87. The stock has a market cap of $1.06 billion and a P/E ratio of -69.80.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, research 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
Several hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI lifted its stake in shares of 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 acquiring an additional 643,000 shares during the last quarter. State Street Corp bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $718,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $305,000. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $76,000. Finally, Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $954,000.
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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