Nano Nuclear Energy Inc. (NASDAQ:NNE) Receives Average Recommendation of "Buy" from Brokerages

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) have received an average recommendation of "Buy" from the four analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $52.00.

A number of research firms recently weighed in on NNE. HC Wainwright reaffirmed a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Monday, March 31st. Northland Securities started coverage on Nano Nuclear Energy in a report on Monday. They issued an "outperform" rating and a $40.00 target price for the company. Northland Capmk raised Nano Nuclear Energy to a "strong-buy" rating in a report on Monday. Finally, LADENBURG THALM/SH SH assumed coverage on Nano Nuclear Energy in a report on Thursday. They set a "buy" rating and a $51.00 price objective for the company.

Nano Nuclear Energy Price Performance

Shares of NASDAQ:NNE opened at $34.63 on Thursday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -38.05 and a beta of 7.29. The business's 50-day moving average is $30.89 and its 200-day moving average is $29.06. Nano Nuclear Energy has a 1 year low of $6.30 and a 1 year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). Analysts anticipate that Nano Nuclear Energy will post -0.92 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently added to or reduced their stakes in NNE. North Capital Inc. bought a new stake in Nano Nuclear Energy during the first quarter valued at $26,000. Marshall Investment Management LLC purchased a new position in shares of Nano Nuclear Energy in the first quarter worth about $27,000. Ameriflex Group Inc. purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $29,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. Finally, KBC Group NV purchased a new position in shares of Nano Nuclear Energy in the first quarter worth about $31,000.

About Nano Nuclear Energy

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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