Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 1.5% - Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded up 1.5% on Friday . The company traded as high as $33.62 and last traded at $33.45. 1,517,317 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 3,819,389 shares. The stock had previously closed at $32.95.

Analyst Ratings Changes

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

Nano Nuclear Energy Price Performance

The firm has a market capitalization of $1.39 billion, a PE ratio of -36.75 and a beta of 7.29. The business's 50 day moving average is $30.02 and its two-hundred day moving average is $28.81.

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 for the quarter, missing the consensus estimate of ($0.11) by ($0.46). Analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in Nano Nuclear Energy during the fourth quarter worth about $2,596,000. Franklin Resources Inc. purchased a new position in shares of Nano Nuclear Energy during the 4th quarter valued at about $1,036,000. SG Americas Securities LLC lifted its position in Nano Nuclear Energy by 113.8% in the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock worth $783,000 after buying an additional 15,747 shares during the last quarter. Millennium Management LLC purchased a new stake in Nano Nuclear Energy in the fourth quarter worth approximately $1,253,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Nano Nuclear Energy in the fourth quarter worth approximately $271,000.

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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