LADENBURG THALM/SH SH Begins Coverage on Nano Nuclear Energy (NASDAQ:NNE)

Equities research analysts at LADENBURG THALM/SH SH began coverage on shares of Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set a "buy" rating and a $51.00 price target on the stock. LADENBURG THALM/SH SH's target price would indicate a potential upside of 49.04% from the stock's previous close.

A number of other analysts also recently weighed in on NNE. HC Wainwright reissued a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Monday, March 31st. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Northland Securities assumed coverage on Nano Nuclear Energy in a research note on Monday, July 7th. They issued an "outperform" rating and a $40.00 price target for the company. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $51.75.

Nano Nuclear Energy Stock Performance

Shares of NNE stock traded down $0.80 on Thursday, hitting $34.22. The stock had a trading volume of 2,144,628 shares, compared to its average volume of 3,810,092. The stock's 50 day moving average is $31.32 and its 200-day moving average is $29.17. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -37.60 and a beta of 7.29. Nano Nuclear Energy has a 52-week low of $6.30 and a 52-week high of $48.05.

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

Institutional Trading of Nano Nuclear Energy

Institutional investors have recently added to or reduced their stakes in the business. North Capital Inc. acquired a new stake in shares of Nano Nuclear Energy in the 1st quarter worth about $26,000. Marshall Investment Management LLC bought a new position in Nano Nuclear Energy in the 1st quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. Finally, KBC Group NV acquired a new position in shares of Nano Nuclear Energy during the first quarter worth approximately $31,000.

Nano Nuclear Energy Company Profile

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.