Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded down 7.4% on Thursday . The stock traded as low as $28.89 and last traded at $29.14. 1,789,652 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 6,635,841 shares. The stock had previously closed at $31.48.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. HC Wainwright restated a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark raised their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Check Out Our Latest Stock Analysis on NNE
Nano Nuclear Energy Stock Performance
The company has a market cap of $1.07 billion and a P/E ratio of -70.59. The company has a fifty day moving average price of $30.24 and a two-hundred day moving average price of $21.81.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.09. Research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Institutional Investors Weigh In On Nano Nuclear Energy
Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Nano Nuclear Energy by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock valued at $52,000 after purchasing an additional 331 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Nano Nuclear Energy in the 4th quarter valued at about $30,000. Aster Capital Management DIFC Ltd acquired a new stake in Nano Nuclear Energy in the 4th quarter valued at about $30,000. IFP Advisors Inc lifted its stake in Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after purchasing an additional 1,277 shares during the last quarter. Finally, Barclays PLC lifted its stake in Nano Nuclear Energy by 27.6% in the 4th quarter. Barclays PLC now owns 6,767 shares of the company's stock valued at $168,000 after purchasing an additional 1,463 shares during the last quarter.
Nano Nuclear Energy Company Profile
(
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.
Featured Articles
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
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
