Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up - Time to Buy?

Key Points

• Nano Nuclear Energy's shares opened at $45.30 after closing at $42.49, with a last traded price of $44.29 and a volume of 733,571 shares.
• Analysts have mixed ratings on the stock, with one placing a Strong Buy, four assigning a Buy, and one with a Sell rating, indicating a consensus rating of "Moderate Buy" with a target price of $51.75.
• Institutional investors have recently increased their stakes in Nano Nuclear Energy, with Rothschild Investment LLC boosting its position by 9.3% in the second quarter.

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $42.49, but opened at $45.30. Nano Nuclear Energy shares last traded at $44.29, with a volume of 733,571 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Nano Nuclear Energy in a report on Thursday, July 10th. They set a "buy" rating and a $51.00 target price on the stock. BTIG Research started coverage on shares of Nano Nuclear Energy in a report on Thursday, August 28th. They set a "neutral" rating on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Nano Nuclear Energy in a report on Wednesday, October 8th. HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 15th. Finally, Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Nano Nuclear Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.75.

Nano Nuclear Energy Price Performance

The firm has a market cap of $1.88 billion, a P/E ratio of -48.50 and a beta of 6.80. The stock has a 50 day moving average of $39.23 and a 200 day moving average of $33.60.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. On average, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its position in Nano Nuclear Energy by 9.3% during the second quarter. Rothschild Investment LLC now owns 6,655 shares of the company's stock valued at $230,000 after buying an additional 565 shares during the period. CWM LLC grew its stake in shares of Nano Nuclear Energy by 17.7% during the third quarter. CWM LLC now owns 3,837 shares of the company's stock valued at $148,000 after buying an additional 576 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Nano Nuclear Energy by 15.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,123 shares of the company's stock valued at $211,000 after buying an additional 815 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Nano Nuclear Energy by 27.9% during the second quarter. IFP Advisors Inc now owns 4,128 shares of the company's stock valued at $142,000 after buying an additional 900 shares during the last quarter. Finally, North Capital Inc. bought a new position in shares of Nano Nuclear Energy during the first quarter valued at about $26,000.

Nano Nuclear Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.