Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares rose 12.4% during trading on Monday . The stock traded as high as $30.60 and last traded at $30.36. Approximately 2,840,810 shares changed hands during trading, an increase of 1% from the average daily volume of 2,820,145 shares. The stock had previously closed at $27.01.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on NNE. HC Wainwright reissued a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. 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 report on Thursday, November 7th.
Check Out Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 20.5 %
The firm's fifty day moving average is $24.49 and its 200-day moving average is $18.75.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. Equities analysts expect that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in Nano Nuclear Energy in the third quarter valued at $25,000. Barclays PLC bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $76,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy in the 2nd quarter valued at about $250,000. XTX Topco Ltd acquired a new position in Nano Nuclear Energy during the 3rd quarter worth approximately $305,000. Finally, State Street Corp bought a new position in Nano Nuclear Energy in the third quarter worth approximately $718,000.
About Nano Nuclear Energy
(
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NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.
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