Research analysts at HC Wainwright assumed coverage on shares of Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) in a report released on Wednesday, Marketbeat reports. The brokerage set a "buy" rating and a $50.00 price target on the stock. HC Wainwright's target price would suggest a potential upside of 145.82% from the company's current price.
Separately, Benchmark restated a "buy" rating and set a $39.00 price target on shares of Nano Nuclear Energy in a research report on Monday, July 15th.
Check Out Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
Shares of NASDAQ NNE traded down $0.56 during midday trading on Wednesday, reaching $20.34. 7,198,405 shares of the stock were exchanged, compared to its average volume of 2,989,516. The firm has a 50 day moving average of $14.58. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $37.51.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,665 shares of the company's stock, valued at approximately $250,000.
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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