Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) rose 18% during trading on Monday . The company traded as high as $36.89 and last traded at $35.98. Approximately 3,359,407 shares were traded during trading, a decline of 13% from the average daily volume of 3,873,595 shares. The stock had previously closed at $30.50.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.
View Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 12.6%
The stock has a 50-day moving average of $26.21 and a 200 day moving average of $27.90. The stock has a market cap of $1.29 billion and a PE ratio of -83.76.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings data 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). On average, equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in shares of Nano Nuclear Energy by 376.9% in the 1st quarter. Rhumbline Advisers now owns 29,628 shares of the company's stock valued at $784,000 after purchasing an additional 23,416 shares during the period. Optimize Financial Inc acquired a new position in shares of Nano Nuclear Energy in the first quarter worth about $217,000. NewEdge Advisors LLC boosted its stake in shares of Nano Nuclear Energy by 385.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company's stock worth $51,000 after acquiring an additional 1,520 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Nano Nuclear Energy by 535.0% during 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 during the period. Finally, AQR Capital Management LLC purchased a new position in shares of Nano Nuclear Energy in the 1st quarter valued at about $1,187,000.
Nano Nuclear Energy Company Profile
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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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