Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s share price was down 1.7% during mid-day trading on Monday . The stock traded as low as $32.11 and last traded at $33.05. Approximately 650,412 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 3,808,249 shares. The stock had previously closed at $33.61.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on NNE shares. Northland Securities started coverage on Nano Nuclear Energy in a research note on Monday. They issued an "outperform" rating and a $40.00 price objective for the company. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday. LADENBURG THALM/SH SH assumed coverage on shares of Nano Nuclear Energy in a research report on Thursday. They set a "buy" rating and a $51.00 target price for the company. Finally, HC Wainwright reissued a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Monday, March 31st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Nano Nuclear Energy has a consensus rating of "Buy" and a consensus price target of $51.75.
Check Out Our Latest Report on NNE
Nano Nuclear Energy Stock Performance
The stock has a market capitalization of $1.45 billion, a P/E ratio of -38.48 and a beta of 7.29. The business has a fifty day simple moving average of $30.89 and a 200-day simple moving average of $29.06.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly 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). On average, sell-side analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Institutional Trading of Nano Nuclear Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNE. North Capital Inc. bought a new stake in Nano Nuclear Energy in the 1st quarter valued at about $26,000. Marshall Investment Management LLC bought a new stake in Nano Nuclear Energy in the 1st quarter valued at about $27,000. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $29,000. Aster Capital Management DIFC Ltd bought a new stake in Nano Nuclear Energy during the 4th quarter worth approximately $30,000. Finally, KBC Group NV bought a new stake in Nano Nuclear Energy during the 1st quarter worth approximately $31,000.
Nano Nuclear Energy Company Profile
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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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