Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $25.50, but opened at $27.17. Nano Nuclear Energy shares last traded at $28.30, with a volume of 1,194,644 shares changing hands.
Analysts Set New Price Targets
A number of analysts have recently commented on NNE shares. HC Wainwright reissued a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th. Benchmark raised their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.
View Our Latest Analysis on NNE
Nano Nuclear Energy Stock Performance
The firm has a market capitalization of $1.07 billion and a P/E ratio of -70.22. The firm has a 50 day moving average price of $30.50 and a two-hundred day moving average price of $22.50.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. Equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Citizens Financial Group Inc. RI boosted its stake in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after purchasing an additional 643,000 shares during the period. State Street Corp purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at $718,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy in the third quarter worth $305,000. Barclays PLC purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at $76,000. Finally, Geode Capital Management LLC acquired a new position in Nano Nuclear Energy during the third quarter valued at $954,000.
About Nano Nuclear Energy
(
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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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