Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares traded down 1.2% on Wednesday . The stock traded as low as $32.75 and last traded at $33.30. 551,005 shares were traded during trading, a decline of 85% from the average session volume of 3,791,215 shares. The stock had previously closed at $33.72.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Northland Securities initiated coverage on shares of Nano Nuclear Energy in a research note on Monday. They set an "outperform" rating and a $40.00 price objective on the stock. HC Wainwright reiterated a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Monday, March 31st. LADENBURG THALM/SH SH assumed coverage on shares of Nano Nuclear Energy in a research report on Thursday. They set a "buy" rating and a $51.00 price objective for the company. Finally, Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $51.75.
Check Out Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Up 1.1%
The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -38.48 and a beta of 7.29. The stock's 50-day moving average is $30.89 and its 200-day moving average is $29.06.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). On average, equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
A number of hedge funds have recently made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new stake in Nano Nuclear Energy during the 1st quarter worth approximately $27,000. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy in the 4th quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at $30,000. Finally, KBC Group NV acquired a new position in shares of Nano Nuclear Energy during the first quarter worth $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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