Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) were up 5.9% on Wednesday . The stock 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 Ratings Changes
Several research firms have recently commented on NNE. Northland Securities began coverage on Nano Nuclear Energy in a research note on Monday, July 7th. They set an "outperform" rating and a $40.00 price target for the company. HC Wainwright restated a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Monday, March 31st. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Nano Nuclear Energy in a research report on Thursday, July 10th. They issued a "buy" rating and a $51.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $51.75.
View Our Latest Stock Report on NNE
Nano Nuclear Energy Stock Performance
The firm's 50-day simple moving average is $32.04 and its 200 day simple moving average is $29.32. The company has a market capitalization of $1.56 billion, a PE ratio of -41.41 and a beta of 7.29.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). As a group, equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Trading of Nano Nuclear Energy
A number of institutional investors have recently bought and sold shares of the company. North Capital Inc. acquired a new position in shares of Nano Nuclear Energy in the first quarter worth $26,000. Marshall Investment Management LLC purchased a new position in shares of Nano Nuclear Energy during the first quarter valued at approximately $27,000. Ameriflex Group Inc. purchased a new stake in Nano Nuclear Energy in the 4th quarter worth approximately $29,000. Aster Capital Management DIFC Ltd purchased a new stake in Nano Nuclear Energy in the 4th quarter worth approximately $30,000. Finally, KBC Group NV acquired a new position in Nano Nuclear Energy in the 1st quarter valued at $31,000.
Nano Nuclear Energy Company Profile
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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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