Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) dropped 1.2% during trading on Wednesday . The company traded as low as $32.75 and last traded at $33.30. Approximately 551,005 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 3,791,215 shares. The stock had previously closed at $33.72.
Analysts Set New Price Targets
NNE has been the topic of a number of research reports. HC Wainwright reissued a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, March 31st. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. LADENBURG THALM/SH SH assumed coverage on shares of Nano Nuclear Energy in a research note on Thursday. They set a "buy" rating and a $51.00 price target on the stock. Finally, Northland Securities assumed coverage on shares of Nano Nuclear Energy in a research note on Monday, July 7th. They set an "outperform" rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nano Nuclear Energy has a consensus rating of "Buy" and an average price target of $51.75.
View Our Latest Stock Analysis on NNE
Nano Nuclear Energy Trading Down 2.3%
The company's 50 day simple moving average is $31.32 and its 200-day simple moving average is $29.16.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.46). Sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. LPL Financial LLC purchased a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $2,596,000. Franklin Resources Inc. purchased a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $1,036,000. SG Americas Securities LLC lifted its holdings in shares of Nano Nuclear Energy by 113.8% during the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock worth $783,000 after acquiring an additional 15,747 shares during the period. Millennium Management LLC purchased a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $1,253,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $271,000.
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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