Northland Securities assumed coverage on shares of Nano Nuclear Energy (NASDAQ:NNE - Free Report) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $40.00 price objective on the stock.
Separately, HC Wainwright restated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Monday, March 31st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Nano Nuclear Energy presently has an average rating of "Buy" and a consensus target price of $51.75.
Read Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Trading Up 1.1%
Nano Nuclear Energy stock traded up $0.39 on Monday, hitting $35.02. 2,006,272 shares of the stock traded hands, compared to its average volume of 3,796,678. The firm has a market cap of $1.45 billion, a P/E ratio of -38.48 and a beta of 7.29. The business's fifty day simple moving average is $30.89 and its 200 day simple 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). As a group, analysts predict that Nano Nuclear Energy will post -0.92 earnings per share for the current year.
Institutional Trading of Nano Nuclear Energy
Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Nano Nuclear Energy by 19.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock valued at $52,000 after purchasing an additional 331 shares during the period. North Capital Inc. bought a new stake in Nano Nuclear Energy during the first quarter valued at about $26,000. Marshall Investment Management LLC bought a new stake in Nano Nuclear Energy during the first quarter valued at about $27,000. Wealth Enhancement Advisory Services LLC grew its holdings in Nano Nuclear Energy by 10.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,019 shares of the company's stock valued at $318,000 after purchasing an additional 1,135 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in Nano Nuclear Energy during the fourth quarter valued at about $29,000.
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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