Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price dropped 21.5% during trading on Monday . The company traded as low as $33.51 and last traded at $34.93. Approximately 6,635,766 shares were traded during trading, a decline of 1% from the average daily volume of 6,723,751 shares. The stock had previously closed at $44.51.
Analyst Upgrades and Downgrades
NNE has been the topic of several recent analyst reports. 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 restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.
Get Our Latest Analysis on NNE
Nano Nuclear Energy Trading Down 25.3 %
The company's fifty day moving average price is $26.95 and its two-hundred day moving average price is $19.31.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. As a group, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth about $718,000. Virtu Financial LLC bought a new position in Nano Nuclear Energy in the 3rd quarter worth about $933,000. Geode Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $954,000. Citizens Financial Group Inc. RI raised its holdings in shares of Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock valued at $10,505,000 after buying an additional 643,000 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the third quarter worth approximately $76,000.
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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