Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares dropped 5.1% during mid-day trading on Friday . The company traded as low as $38.83 and last traded at $39.29. Approximately 2,174,538 shares changed hands during trading, a decline of 42% from the average daily volume of 3,754,315 shares. The stock had previously closed at $41.40.
Analyst Upgrades and Downgrades
NNE has been the topic of a number of recent analyst reports. BTIG Research started coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They set a "neutral" rating on the stock. LADENBURG THALM/SH SH started coverage on Nano Nuclear Energy in a report on Thursday, July 10th. They set a "buy" rating and a $51.00 price objective on the stock. Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. Northland Securities began coverage on Nano Nuclear Energy in a report on Monday, July 7th. They set an "outperform" rating and a $40.00 price objective on the stock. Finally, HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Nano Nuclear Energy presently has a consensus rating of "Buy" and a consensus price target of $51.75.
View Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Trading Down 5.1%
The firm has a market cap of $1.64 billion, a PE ratio of -42.25 and a beta of 7.03. The stock has a 50 day simple moving average of $35.43 and a 200-day simple moving average of $31.12.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. On average, equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in NNE. Charles Schwab Investment Management Inc. lifted its stake in Nano Nuclear Energy by 445.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 59,291 shares of the company's stock worth $1,569,000 after purchasing an additional 48,424 shares during the last quarter. SG Americas Securities LLC lifted its stake in Nano Nuclear Energy by 113.8% in the first quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock worth $783,000 after purchasing an additional 15,747 shares during the last quarter. Millennium Management LLC bought a new stake in Nano Nuclear Energy in the fourth quarter worth about $1,253,000. Swiss National Bank bought a new stake in Nano Nuclear Energy in the first quarter worth about $1,220,000. Finally, New York State Common Retirement Fund lifted its stake in Nano Nuclear Energy by 533.3% in the first quarter. New York State Common Retirement Fund now owns 7,600 shares of the company's stock worth $201,000 after purchasing an additional 6,400 shares during the last quarter.
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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