Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) was down 4.4% on Wednesday . The stock traded as low as $24.62 and last traded at $24.81. Approximately 977,866 shares changed hands during trading, a decline of 74% from the average daily volume of 3,748,325 shares. The stock had previously closed at $25.96.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.
Check Out Our Latest Analysis on NNE
Nano Nuclear Energy Stock Down 8.6 %
The stock has a market capitalization of $795.22 million and a PE ratio of -52.32. The company's fifty day moving average price is $30.51 and its 200-day moving average price is $25.54.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at $29,000. New York State Common Retirement Fund bought a new stake in Nano Nuclear Energy in the 4th quarter worth about $30,000. Aster Capital Management DIFC Ltd purchased a new position in Nano Nuclear Energy in the 4th quarter worth about $30,000. Finally, IFP Advisors Inc lifted its stake in Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after acquiring an additional 1,277 shares during the period.
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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