Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) shares traded up 13.4% during trading on Thursday . The company traded as high as $38.00 and last traded at $37.97. 4,273,959 shares changed hands during trading, an increase of 9% from the average session volume of 3,909,743 shares. The stock had previously closed at $33.49.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.
Read Our Latest Stock Analysis on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The company has a market capitalization of $1.57 billion and a price-to-earnings ratio of -41.73. The business has a 50-day simple moving average of $26.89 and a two-hundred day simple moving average of $28.06.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results 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). 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 institutional investors have recently modified their holdings of the business. Anson Funds Management LP acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at $20,746,000. Hudson Bay Capital Management LP acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at approximately $19,642,000. Vanguard Group Inc. increased its stake in Nano Nuclear Energy by 2,838.5% in the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock valued at $17,068,000 after purchasing an additional 662,287 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at $4,544,000. Finally, Citizens Financial Group Inc. RI grew its holdings in Nano Nuclear Energy by 23.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock valued at $22,406,000 after purchasing an additional 171,000 shares during the last quarter.
About Nano Nuclear Energy
(
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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