Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded up 10.7% during mid-day trading on Friday . The company traded as high as $31.39 and last traded at $31.48. 2,670,514 shares were traded during trading, a decline of 29% from the average session volume of 3,780,838 shares. The stock had previously closed at $28.43.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reiterated a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Monday, March 31st.
Read Our Latest Research Report on NNE
Nano Nuclear Energy Stock Performance
The stock has a market capitalization of $1.18 billion and a price-to-earnings ratio of -76.82. The business has a 50-day moving average of $25.24 and a 200-day moving average of $27.70.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). Equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NNE. Rhumbline Advisers boosted its position in shares of Nano Nuclear Energy by 376.9% during the first quarter. Rhumbline Advisers now owns 29,628 shares of the company's stock worth $784,000 after buying an additional 23,416 shares during the period. Optimize Financial Inc acquired a new position in Nano Nuclear Energy during the 1st quarter worth about $217,000. NewEdge Advisors LLC boosted its holdings in Nano Nuclear Energy by 385.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company's stock valued at $51,000 after acquiring an additional 1,520 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Nano Nuclear Energy by 535.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company's stock valued at $385,000 after acquiring an additional 12,256 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Nano Nuclear Energy during the first quarter worth about $1,187,000.
Nano Nuclear Energy Company Profile
(
Get Free Report)
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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