Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares dropped 4% during trading on Monday . The company traded as low as $35.59 and last traded at $35.80. Approximately 1,449,923 shares were traded during trading, a decline of 63% from the average daily volume of 3,926,736 shares. The stock had previously closed at $37.31.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Monday, March 31st.
Get Our Latest Stock Report on NNE
Nano Nuclear Energy Stock Performance
The company has a 50-day simple moving average of $27.72 and a 200-day simple moving average of $28.29. The stock has a market cap of $1.64 billion and a P/E ratio of -43.41.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results 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, sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in NNE. North Capital Inc. bought a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at about $26,000. Marshall Investment Management LLC bought a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at $27,000. Ameriflex Group Inc. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $29,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $30,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy in the 4th 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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