Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) was up 1.8% on Tuesday . The stock traded as high as $37.50 and last traded at $35.26. Approximately 2,215,662 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 3,882,211 shares. The stock had previously closed at $34.62.
Analyst Upgrades and Downgrades
Separately, HC Wainwright restated a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Monday, March 31st.
Get Our Latest Stock Report on NNE
Nano Nuclear Energy Price Performance
The stock has a market cap of $1.39 billion and a P/E ratio of -81.70. The firm's fifty day moving average price is $26.45 and its two-hundred day moving average price is $27.95.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results 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, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
Institutional investors have recently made changes to their positions in the stock. North Capital Inc. bought a new position in Nano Nuclear Energy in the first quarter valued at $26,000. Marshall Investment Management LLC purchased a new position in shares of Nano Nuclear Energy during the 1st quarter valued at about $27,000. Ameriflex Group Inc. purchased a new stake in Nano Nuclear Energy in the fourth quarter worth approximately $29,000. New York State Common Retirement Fund purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Nano Nuclear Energy during the 4th quarter valued at $30,000.
About Nano Nuclear Energy
(
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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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