Nano Nuclear Energy (NASDAQ:NNE) Shares Up 18.8% - What's Next?

Key Points

• Nano Nuclear Energy Inc. shares experienced a substantial increase of 18.8%, closing at $54.44 after trading as high as $55.36, significantly above the previous close of $45.83.
• Several analysts have issued ratings for the stock, with a consensus rating of "Moderate Buy" and an average target price of $51.75, indicating positive outlook despite some mixed reviews.
• The company's recent earnings report showed a loss of ($0.19) per share, surpassing expectations, while analysts predict a full-year EPS of -0.92 for Nano Nuclear Energy.

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares shot up 18.8% on Monday . The company traded as high as $55.36 and last traded at $54.44. 7,388,868 shares traded hands during trading, an increase of 91% from the average session volume of 3,876,803 shares. The stock had previously closed at $45.83.

Analysts Set New Price Targets

A number of research firms have weighed in on NNE. LADENBURG THALM/SH SH initiated 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. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Friday, August 15th. BTIG Research initiated coverage on shares of Nano Nuclear Energy in a research note on Thursday, August 28th. They issued a "neutral" rating on the stock. Finally, Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $51.75.

Nano Nuclear Energy Trading Up 18.8%

The stock's 50-day moving average is $37.23 and its 200-day moving average is $32.28. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -58.54 and a beta of 6.80.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. North Capital Inc. acquired a new position in Nano Nuclear Energy during the first quarter worth $26,000. Marshall Investment Management LLC acquired a new position in Nano Nuclear Energy during the first quarter worth $27,000. KBC Group NV acquired a new position in Nano Nuclear Energy during the first quarter worth $31,000. Stone House Investment Management LLC acquired a new position in Nano Nuclear Energy during the first quarter worth $40,000. Finally, Total Investment Management Inc. acquired a new position in Nano Nuclear Energy during the second quarter worth $60,000.

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.

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