Nano Nuclear Energy (NASDAQ:NNE) Shares Up 12.5% - What's Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price rose 12.5% during mid-day trading on Wednesday . The stock traded as high as $34.95 and last traded at $34.33. Approximately 3,789,392 shares changed hands during trading, a decline of 1% from the average daily volume of 3,815,341 shares. The stock had previously closed at $30.53.

Analyst Upgrades and Downgrades

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

Nano Nuclear Energy Price Performance

The firm's fifty day moving average is $25.87 and its two-hundred day moving average is $27.81. The firm has a market capitalization of $1.21 billion and a PE ratio of -78.76.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results 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). As a group, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

A number of large investors have recently bought and sold shares of NNE. Vanguard Group Inc. grew its stake in Nano Nuclear Energy by 44.4% in the 1st quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock valued at $26,196,000 after buying an additional 304,405 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Nano Nuclear Energy by 23.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock valued at $22,406,000 after acquiring an additional 171,000 shares in the last quarter. Anson Funds Management LP bought a new stake in Nano Nuclear Energy in the fourth quarter valued at $20,746,000. Hudson Bay Capital Management LP purchased a new position in shares of Nano Nuclear Energy during the fourth quarter valued at about $19,642,000. Finally, Van ECK Associates Corp bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth approximately $11,311,000.

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.