Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $34.25, but opened at $33.25. Nano Nuclear Energy shares last traded at $33.07, with a volume of 644,878 shares changing hands.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, March 31st.
Get Our Latest Research Report on NNE
Nano Nuclear Energy Trading Down 5.5%
The business's fifty day moving average price is $26.21 and its two-hundred day moving average price is $27.90. The firm has a market cap of $1.14 billion and a P/E ratio of -74.39.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). Research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Nano Nuclear Energy
Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in shares of Nano Nuclear Energy by 376.9% in the first quarter. Rhumbline Advisers now owns 29,628 shares of the company's stock worth $784,000 after buying an additional 23,416 shares during the last quarter. Optimize Financial Inc bought a new position in Nano Nuclear Energy in the 1st quarter worth $217,000. NewEdge Advisors LLC raised its holdings in Nano Nuclear Energy by 385.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company's stock worth $51,000 after acquiring an additional 1,520 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Nano Nuclear Energy by 535.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company's stock worth $385,000 after purchasing an additional 12,256 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the first quarter valued at approximately $1,187,000.
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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