Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 0.1% during trading on Wednesday . The company traded as low as $30.40 and last traded at $31.47. Approximately 1,077,571 shares traded hands during trading, a decline of 84% from the average daily volume of 6,736,551 shares. The stock had previously closed at $31.50.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NNE. Benchmark upped 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 note on Thursday, November 7th. HC Wainwright reissued a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.
Read Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The firm has a fifty day simple moving average of $30.25 and a 200 day simple moving average of $22.04. The company has a market cap of $988.29 million and a PE ratio of -65.02.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. As a group, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy in the fourth quarter valued at $29,000. Nuveen Asset Management LLC purchased a new position in shares of Nano Nuclear Energy in the 4th quarter worth about $4,544,000. Millennium Management LLC acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at about $1,253,000. Hudson Bay Capital Management LP purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter worth about $19,642,000. Finally, Cetera Investment Advisers acquired a new stake in Nano Nuclear Energy during the 4th quarter worth approximately $424,000.
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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