Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 7.5% on Monday . The stock traded as low as $16.74 and last traded at $17.81. Approximately 2,027,619 shares traded hands during trading, a decline of 32% from the average daily volume of 2,990,682 shares. The stock had previously closed at $19.26.
Wall Street Analysts Forecast Growth
NNE has been the topic of several research reports. Benchmark reiterated a "buy" rating and issued a $39.00 price target on shares of Nano Nuclear Energy in a research report on Monday, July 15th. HC Wainwright initiated coverage on shares of Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a "buy" rating and a $50.00 price target on the stock.
Check Out Our Latest Research Report on NNE
Nano Nuclear Energy Stock Down 12.8 %
The firm's 50-day simple moving average is $15.24.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. Equities research analysts expect that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,000 shares of the company's stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned 0.30% of Nano Nuclear Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
About Nano Nuclear Energy
(
Get Free Report)
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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