Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) fell 5.4% during mid-day trading on Monday . The company traded as low as $22.78 and last traded at $22.88. 396,443 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 3,549,343 shares. The stock had previously closed at $24.19.
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 report on Monday, March 31st.
Check Out Our Latest Stock Analysis on NNE
Nano Nuclear Energy Price Performance
The stock has a market capitalization of $860.09 million and a PE ratio of -56.59. The company has a 50 day moving average price of $25.30 and a 200-day moving average price of $26.60.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in NNE. Barclays PLC bought a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $76,000. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $954,000. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $25,000. Fulton Bank N.A. purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter worth about $213,000. Finally, SG Americas Securities LLC bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth about $345,000.
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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