Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) rose 5.9% during trading on Wednesday . The company traded as high as $37.25 and last traded at $37.15. Approximately 1,843,765 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 3,810,950 shares. The stock had previously closed at $35.08.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on NNE shares. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. LADENBURG THALM/SH SH started coverage on shares of Nano Nuclear Energy in a research report on Thursday, July 10th. They issued a "buy" rating and a $51.00 target price for the company. Northland Securities started coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They issued an "outperform" rating and a $40.00 target price for the company. Finally, HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research report on Monday, March 31st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nano Nuclear Energy currently has an average rating of "Buy" and a consensus price target of $51.75.
Get Our Latest Report on NNE
Nano Nuclear Energy Stock Down 0.2%
The company has a 50 day moving average price of $32.60 and a 200-day moving average price of $29.50. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -41.34 and a beta of 7.29.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). On average, analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
A number of large investors have recently modified their holdings of NNE. Bank of New York Mellon Corp lifted its stake in Nano Nuclear Energy by 40.0% during the 4th quarter. Bank of New York Mellon Corp now owns 19,077 shares of the company's stock valued at $475,000 after acquiring an additional 5,451 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $271,000. Commonwealth Equity Services LLC increased its position in shares of Nano Nuclear Energy by 52.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,294 shares of the company's stock valued at $530,000 after purchasing an additional 7,328 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $2,596,000. Finally, Vanguard Group Inc. increased its position in shares of Nano Nuclear Energy by 2,838.5% during the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock valued at $17,068,000 after purchasing an additional 662,287 shares during the last quarter.
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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