Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price traded down 3.4% on Thursday . The stock traded as low as $32.16 and last traded at $33.10. 1,318,579 shares traded hands during trading, a decline of 66% from the average session volume of 3,833,534 shares. The stock had previously closed at $34.25.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Monday, March 31st.
View Our Latest Report on NNE
Nano Nuclear Energy Price Performance
The firm has a market capitalization of $1.14 billion and a P/E ratio of -74.39. The stock's 50 day moving average is $26.21 and its two-hundred day moving average is $27.89.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). As a group, equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Nano Nuclear Energy by 44.4% in the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock valued at $26,196,000 after purchasing an additional 304,405 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in Nano Nuclear Energy by 23.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock valued at $22,406,000 after purchasing an additional 171,000 shares in the last quarter. Anson Funds Management LP bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $20,746,000. Hudson Bay Capital Management LP bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $19,642,000. Finally, Van ECK Associates Corp bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $11,311,000.
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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