Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up - Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $27.57, but opened at $30.11. Nano Nuclear Energy shares last traded at $34.90, with a volume of 7,218,345 shares traded.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Monday, March 31st.

Nano Nuclear Energy Stock Up 28.2%

The business's 50-day moving average is $24.85 and its two-hundred day moving average is $27.01. The company has a market capitalization of $1.33 billion and a P/E ratio of -86.15.

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

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Nano Nuclear Energy by 44.4% during the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock valued at $26,196,000 after acquiring an additional 304,405 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Nano Nuclear Energy by 23.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock valued at $22,406,000 after buying an additional 171,000 shares during the period. Anson Funds Management LP bought a new position in Nano Nuclear Energy during the fourth quarter valued at about $20,746,000. Hudson Bay Capital Management LP bought a new position in Nano Nuclear Energy during the fourth quarter valued at about $19,642,000. Finally, Van ECK Associates Corp bought a new position in Nano Nuclear Energy during the fourth quarter valued at about $11,311,000.

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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