Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) was up 1.8% during trading on Tuesday . The company traded as high as $37.50 and last traded at $35.26. Approximately 2,215,662 shares traded hands during trading, a decline of 43% from the average daily volume of 3,882,211 shares. The stock had previously closed at $34.62.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reissued a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, March 31st.
Get Our Latest Analysis on NNE
Nano Nuclear Energy Trading Down 1.7%
The business has a 50 day simple moving average of $27.48 and a two-hundred day simple moving average of $28.20. The company has a market cap of $1.55 billion and a PE ratio of -41.00.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.46). On average, equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of NNE. JPMorgan Chase & Co. grew its holdings in Nano Nuclear Energy by 19.0% in the fourth 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 period. North Capital Inc. acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at $27,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Nano Nuclear Energy by 10.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,019 shares of the company's stock valued at $318,000 after buying an additional 1,135 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth $29,000.
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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