Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report)'s stock price was up 5.3% on Tuesday . The stock traded as high as $38.75 and last traded at $37.47. Approximately 1,751,854 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 3,930,041 shares. The stock had previously closed at $35.59.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, March 31st.
Read Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Stock Up 9.2%
The firm has a 50 day moving average of $27.72 and a two-hundred day moving average of $28.29. The firm has a market capitalization of $1.61 billion and a price-to-earnings ratio of -42.73.
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 the consensus estimate of ($0.11) by ($0.46). Sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Hedge Funds Weigh In On Nano Nuclear Energy
Several large investors have recently bought and sold shares of NNE. Vanguard Group Inc. raised its position in shares of Nano Nuclear Energy by 44.4% during the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock worth $26,196,000 after acquiring an additional 304,405 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Nano Nuclear Energy by 23.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock worth $22,406,000 after acquiring an additional 171,000 shares during the last quarter. Anson Funds Management LP bought a new position in shares of Nano Nuclear Energy during the fourth quarter worth about $20,746,000. Hudson Bay Capital Management LP bought a new position in shares of Nano Nuclear Energy during the fourth quarter worth about $19,642,000. Finally, Nuveen Asset Management LLC bought a new position in shares of Nano Nuclear Energy during the fourth quarter worth about $4,544,000.
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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