Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors purchased 23,795 call options on the company. This is an increase of 117% compared to the typical daily volume of 10,955 call options.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reaffirmed a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Monday, March 31st.
Check Out Our Latest Stock Analysis on NNE
Nano Nuclear Energy Stock Performance
Shares of NASDAQ NNE traded down $1.79 during mid-day trading on Friday, hitting $30.50. The stock had a trading volume of 2,907,706 shares, compared to its average volume of 3,865,313. The company has a 50 day moving average of $26.21 and a two-hundred day moving average of $27.88. Nano Nuclear Energy has a twelve month low of $6.30 and a twelve month high of $48.05. The firm has a market cap of $1.14 billion and a PE ratio of -74.39.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.46). Equities research analysts predict that Nano Nuclear Energy will post -0.92 EPS for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
Several hedge funds have recently made changes to their positions in NNE. North Capital Inc. acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at $27,000. Ameriflex Group Inc. acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $29,000. New York State Common Retirement Fund purchased a new stake in Nano Nuclear Energy in the fourth quarter valued at $30,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Nano Nuclear Energy in the fourth quarter valued at $30,000.
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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