Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price was up 17.5% during mid-day trading on Thursday . The stock traded as high as $43.70 and last traded at $42.83. Approximately 7,076,739 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 5,589,519 shares. The stock had previously closed at $36.45.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on NNE shares. HC Wainwright reiterated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark lifted their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.
Get Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Trading Up 4.1 %
The firm has a 50-day simple moving average of $26.95 and a two-hundred day simple moving average of $19.40.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.08. On average, sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Nano Nuclear Energy
Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $25,000. Barclays PLC bought a new position in shares of Nano Nuclear Energy in the third quarter worth about $76,000. Fulton Bank N.A. acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $213,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at approximately $227,000. Finally, SG Americas Securities LLC bought a new position in Nano Nuclear Energy in the 4th quarter valued at approximately $345,000.
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.
Read More
Before you consider Nano Nuclear Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nano Nuclear Energy wasn't on the list.
While Nano Nuclear Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
