Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $30.93, but opened at $33.04. Nano Nuclear Energy shares last traded at $30.95, with a volume of 2,605,222 shares trading hands.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Monday, March 31st.
Check Out Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Up 8.2%
The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of -74.97. The firm has a 50-day moving average of $25.24 and a 200 day moving average of $27.70.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its 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). As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Trading of Nano Nuclear Energy
Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers raised its holdings in Nano Nuclear Energy by 376.9% in the first quarter. Rhumbline Advisers now owns 29,628 shares of the company's stock valued at $784,000 after acquiring an additional 23,416 shares in the last quarter. Optimize Financial Inc acquired a new position in Nano Nuclear Energy in the first quarter worth about $217,000. NewEdge Advisors LLC increased its holdings in Nano Nuclear Energy by 385.8% in the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company's stock valued at $51,000 after buying an additional 1,520 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Nano Nuclear Energy by 535.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company's stock valued at $385,000 after buying an additional 12,256 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Nano Nuclear Energy in the 1st quarter worth approximately $1,187,000.
About Nano Nuclear Energy
(
Get Free Report)
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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