Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 1% - Here's Why

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded up 1% on Thursday . The stock traded as high as $33.55 and last traded at $33.28. 687,481 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 3,931,666 shares. The stock had previously closed at $32.95.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.

Nano Nuclear Energy Trading Up 1.6%

The firm has a market cap of $1.39 billion, a P/E ratio of -36.78 and a beta of 7.29. The company's fifty day moving average price is $29.82 and its two-hundred day moving average price is $28.76.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.46). On average, analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors have recently made changes to their positions in the stock. North Capital Inc. acquired a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new stake in shares of Nano Nuclear Energy during the first quarter worth about $27,000. Ameriflex Group Inc. bought a new position in shares of Nano Nuclear Energy during the 4th quarter valued at about $29,000. Aster Capital Management DIFC Ltd bought a new stake in Nano Nuclear Energy during the 4th quarter worth approximately $30,000. Finally, New York State Common Retirement Fund acquired a new stake in Nano Nuclear Energy during the 4th quarter worth approximately $30,000.

About Nano Nuclear Energy

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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